The major fear of Indian businesses is that the mega deal will give duty-free access to other nations, especially China, resulting in a surge in import of manufactured goods
Song Hong's comments are significant given his standing in the Chinese Communist Party which gives him an influential voice in the trade negotiations of the country
Over 2,700 gifts Prime Minister Narendra Modi received from across the country will go under the hammer on September 14
Delhi may keep duties on some products, stick to an import ceiling
India is under increasing pressure to complete negotiations and decide on whether it will be part of RCEP.
From the Ruias being set to wrest back control of the Mahan Power project to the govt's warning that GST relief for auto cos may raise burden on other goods, here are Thursday's top business headlines
Goyal says free trade pact can't be held hostage by one or two domestic industries
This is a critical opportunity for India to 'Act East' and help shape the Indo-Pacific trade architecture
Piyush Goyal said, India is negotiating with the members of RCEP on the pillars of national interest
Here's a selection of Business Standard Opinion pieces for the day
India should not risk getting isolated in the region
From chances of the auto industry having to wait longer for a GST rate cut on cars to Maruti Suzuki planning to lease 100 sales outlets to car dealers, here are the top business headlines for Monday
Steel, chemicals, MSME and agri ministries have also opposed deal
Eye huge markets in CIS nations, Africa and Latin America, where Indian exports have a negligible presence
New Delhi resisted calls by most nations, which argued that India should slash existing tariffs on up to 90% of all goods
The upcoming meet is set to see the Asean nations, desperate to sign the deal by 2019-end, make a crucial push to get both India and China on the same page when it comes to tariff reduction
The government reportedly fears the figure for revenue foregone may be as high as Rs 60,000 crore for the proposed Regional Comprehensive Economic Partnership deal once it goes live
India's components exports to China in 2018-19 stood at $300 million
Piyush Goyal met representatives during a series of parleys in Mumbai on Monday to allay fears
Representatives of industry bodies such as CII and FISME would also attend the meeting