Page 8 - Latest Updates on ASEAN
Citigroup needs a new strategy for its lagging Asian consumer banks
Citi has pan-Asian heft, garnering about 30% of its revenue in the region from ASEAN nations
 "Citigroup needs a new strategy for its lagging Asian consumer banks")
Singapore hopes to facilitate deeper partnership between ASEAN, India
Singapore hopes to facilitate a deeper partnership between the ASEAN and India that would be to everyone's benefit as deeper integration with the region would enable greater access to opportunities
 "Singapore hopes to facilitate deeper partnership between ASEAN, India")
RCEP makes US, and India rethink joining trade deals
India has been allowed to join the RCEP anytime and in the meantime participate in meetings as 'observer'
 "RCEP makes US, and India rethink joining trade deals")
The Trilateral Highway from India to Thailand that went on the slow lane
The highway's Imphal-Moreh portion on the Indian side, however, is expected to be completed only by 2023, more than two decades after it was conceptualised
 "The Trilateral Highway from India to Thailand that went on the slow lane")
RCEP with China, minus India: Is the trade deal a threat or opportunity?
In this podcast, Business Standard's Subhomoy Bhattacharjee explains what is RCEP, how will it benefit member nations, why did India pull out of RCEP and more
 "RCEP with China, minus India: Is the trade deal a threat or opportunity?")
RCEP decoded: Why India chose to stay out of Asia's mega free trade pact
Indian business community felt it would be swamped by imports with low duties, which it would not be able to compete with. The govt decided that it cannot afford to take the chance
 "RCEP decoded: Why India chose to stay out of Asia's mega free trade pact")
Economic self-harm
Self-reliance cannot be a superior alternative to open trade
 "Economic self-harm")
As world signs mega FTAs, India simply can't afford to turn protectionist
If India misses out on attracting some of the new global trading infrastructure, it could be locked out of several years of growth
 "As world signs mega FTAs, India simply can't afford to turn protectionist")
15 Asian nations sign world's largest trade agreement backed by China
The RCEP was signed after eight years of negotiations at the conclusion of annual summit of Southeast Asian leaders and their regional partners, held virtually this year due to the Covid-19 pandemic
 "15 Asian nations sign world's largest trade agreement backed by China")
RCEP signatories ready for talks once India gives written request to join
Countries that have signed the RCEP agreement can start negotiations with India for joining the pact once New Delhi submits a written request stating its intention for the same
 "RCEP signatories ready for talks once India gives written request to join")
China, ASEAN set world's biggest trade pact, leave door open for India
Officials said the accord leaves the door open for India, which dropped out due to fierce domestic opposition to its market-opening requirements, to rejoin the bloc
 "China, ASEAN set world's biggest trade pact, leave door open for India")
President Trump skips Southeast Asia summit for third year in a row
Trump attended the ASEAN summit in 2017, but sent only representatives during the last two meetings
 "President Trump skips Southeast Asia summit for third year in a row")
With renewed focus US pitches for free and open Indo-Pacific in ASEAN
The ASEAN is considered one of the most influential groupings in the region, and India and several other countries including the US, China, Japan and Australia are its dialogue partners
 "With renewed focus US pitches for free and open Indo-Pacific in ASEAN")
PM Modi announces $1 million aid to Covid-19 ASEAN Response Fund
Prime Minister Narendra Modi announced a contribution of $1 million to the Covid-19 ASEAN Response Fund at the 17th ASEAN-India Summit, which was held virtually
 "PM Modi announces $1 million aid to Covid-19 ASEAN Response Fund")
Enhancing connectivity with ASEAN a major priority, says PM Modi
Says there are many similarities between India's Indo Pacific Oceans Initiative and ASEAN's Outlook on Indo Pacific
 "Enhancing connectivity with ASEAN a major priority, says PM Modi")
China, 14 Asia-Pacific nations set to sign world's biggest FTA
15 nations seek to announce the agreement by the end of this week's Asean Summit, which Vietnam is hosting virtually
 "China, 14 Asia-Pacific nations set to sign world's biggest FTA")
PM Modi pitches for convergence of approach between India, 10-nation ASEAN
The summit also welcomed the adoption of a new ASEAN-India Plan of Action for 2021-2025
 "PM Modi pitches for convergence of approach between India, 10-nation ASEAN")
Enhancing connectivity with ASEAN a major priority for India: PM Modi
The ties between India and ASEAN have been on an upswing in the last few years
 "Enhancing connectivity with ASEAN a major priority for India: PM Modi")
LIVE: Govt asks Twitter to respond in 5 days for showing Leh as part of J&K
Attorney General KK Venugopal grants consent for initiating criminal contempt against stand up comedian Kunal Kamra, for his alleged derogatory tweets against a SC judge. Tune in for LIVE updates.
 "LIVE: Govt asks Twitter to respond in 5 days for showing Leh as part of J&K")
ASEAN leaders to sign China-backed trade deal amid US election uncertainty
China is already the biggest source of imports and destination for exports for would-be RCEP members
 "ASEAN leaders to sign China-backed trade deal amid US election uncertainty")
