Participating countries have concluded negotiations for all 20 chapters and essentially all market access issue.
The signing of the world’s largest trade pact will likely be kicked back to 2020, according to a draft statement by Southeast Asian leaders, delaying a deal craved by China as it seeks to temper the fallout from a painful tariff war with the US.
Philippine manufacturing growth outpaced most of the region anew in October, the most recent Purchasing Managers Index (PMI) data showed. Manufacturers, however, showed weaker optimism for the coming months as the rest of the region’s manufacturing sector slumps.
Prime Minister Nguyen Xuan Phuc joined leaders of other ASEAN countries and the bloc’s partners at the opening ceremony of the 35th ASEAN Summit in Bangkok on November 3 morning.
India on Monday decided against joining the Regional Comprehensive Economic Partnership (RCEP) trade deal, holding that it did not receive any “credible assurance on market access and non-tariff barriers".
India’s utilisation ratio of its current FTA with ASEAN is just about 6%. In contrast, ASEAN countries have a 36.3% utilisation. Also, unlike with Japan and Korea, the investment component is also not quite large.
Thailand is to ask the United States to reconsider the removal of trade preferences for Thai exports under the Generalized System of Preferences, Commerce Jurin Laksanavisit said.
Sections of Indian industry, farmers and dairy sector have expressed concerns over the mega trade deal
<p>Time: November 2025<br /> By: WTO and International Trade Group, Legal Department – VCCI</p>
