It really does not take too much of a sceptic to dismiss such questions out of hand. After all, unlike previous years, the largest economy in the group, the United States, has stopped being involved in the Trans-Pacific Partnership (TPP) negotiation process – acting instead under the dictum of “America First”
On the 24th of July India hosted the 19th round of negotiations for the Regional Comprehensive Economic Partnership (RCEP), a free trade agreement covering 16 countries in the Asia-Pacific region. India’s commerce secretary has said that there is “enough political will to expedite the conclusion of the talks” but in reality many barriers, both economic and political, remain.
Under pressure to substantially increase its tariff offer under the proposed Regional Comprehensive Economic Partnership (RCEP) trade negotiations, India has made a counter-proposal to make the bilateral services agreement between Australia and New Zealand free trade agreement (FTA) the basis of the services agreement under RCEP.
The Association of South-east Asian Nations (Asean)-led Regional Comprehensive Economic Partnership (RCEP) is the most ambitious regional trade agreement to date, covering 30 per cent of both global trade and the world’s gross domestic product (GDP).
China is pushing to get the Regional Comprehensive Economic Partnership (RCEP) pact wrapped up fast. But the negotiations over the ambitious regional trade deal, which began over five years ago – with the 19th round of talks held in Hyderabad last month – look unlikely to conclude by the tentative year-end deadline.
China is pushing to get the RCEP pact wrapped up fast. But the negotiations over the ambitious regional trade deal, which began over five years ago — with the 19th round of talks being held in Hyderabad last month — look unlikely to conclude by the tentative year-end deadline.
Economic ministers of the Association of Southeast Asian Nations (ASEAN) are converging in the Philippines this week, to discuss how they can advance the planned Regional Comprehensive Economic Partnership (RCEP).
Despite challenges in the negotiations of the Regional Comprehensive Economic Partnership (RCEP), the 16 participating countries of the regional free trade deal are “optimistic to work at” the contentious issues particularly in trade in goods.
<p>Time: 2024 By: Ministry of Industry and Trade</p>
