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looking beyond borders

foreign policy and global economy

Archive for the tag “RCEP”

China Says RCEP Economies Committed To Work With India To Resolve Lingering Trade Deal Issues

China said the small number of issues standing in the way of the Regional Comprehensive Economic Partnership (RCEP) could be resolved by the end of the year, adding member states were also ready to work with India to address outstanding issues. Fifteen nations from the Asia-Pacific region – the 10 ASEAN nations plus Japan, China, South Korea, Australia and New Zealand – agreed on the outline of the trade pact earlier this week.

Read Here – South China Morning Post

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India Turns Its Back On Freer Trade

World leaders at the 3rd RCEP Summit in Bangkok, Thailand on November 04, 2019. Photo/PIB

India, which has for some years now been raising walls against the rest of the world, appears to have definitively turned its back on freer trade. Fifteen of the 16 countries involved in negotiations agreed on Nov. 4 to sign up to the giant trade agreement known as the Regional Comprehensive Economic Partnership. Only India, after months of uncertainty, chose to hold back for the foreseeable future.

Read Here – Bloomberg

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