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looking beyond borders

foreign policy and global economy

Archive for the tag “Trade pact”

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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Pacific-Rim Nations Led By U.S. Agree to Historic Trade Deal

A dozen Pacific-rim nations agreed to an historic pact that would cut trade barriers on items ranging from cars to rice, setting up a potentially contentious ratification vote before a skeptical U.S. Congress. After a week of final talks in Atlanta, an agreement was announced on the Trans-Pacific Partnership, a pact more than five years in the making designed to boost commerce among nations that produce 40 percent of global economic output.

Read More – Bloomberg

After election, pressure grows on Obama in Asia-Pacific trade talks

U.S.-led talks on a free-trade pact in the Asia-Pacific region are entering a potential make-or-break stage, putting pressure on President Barack Obama and other leaders to sacrifice sensitive domestic interests for a big deal to boost growth.

The 11 countries involved in the Trans-Pacific Partnership, or TPP, talks meet next week in Auckland, New Zealand, for the 15th round since negotiations were launched in March 2010.

With Obama now re-elected, U.S. negotiators have more freedom to deal with demands for the United States to open its sugar, dairy, clothing, footwear and other markets to more imports without worrying about hurting the president at the polls.

Read Here – Reuters

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