looking beyond borders

foreign policy and global economy

Archive for the tag “RCEP”

Why India Refused To Join The World’s Biggest Trading Bloc

The potential benefits notwithstanding, India’s refusal to accede to the agreement was not entirely surprising. For decades, New Delhi has followed a highly protectionist set of economic policies as part of its historic commitment to a strategy of import-substituting industrialization. 

Read Here | Foreign Policy

The Impact Of The New Asian Trade Mega-Deal On The European Union

Although the economic implications of the Regional Comprehensive Economic Partnership (RCEP) for the EU are modest, the geopolitical and strategic implications are not. With the arrival of a new US administration and the central role of China in the bloc, the EU needs to outline an Asian commercial strategy that reconciles the importance of China and the transatlantic relationship.

Read Here | Bruegel

RCEP Agreement Victory For Multilateralism, Free Trade

The signing of the Regional Comprehensive Economic Partnership (RCEP), the world’s biggest trade pact, by 15 Asia-Pacific countries Sunday represents a victory for multilateralism over unilateralism and free trade over protectionism.

Read Here | People’s Daily

Also Read | Welcome To The Might-Is-Right Global Trade Era

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

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

Post Navigation

%d bloggers like this: