Page 2 - Latest Updates on RCEP
Union minister Piyush Goyal rules out India rejoining RCEP negotiations
Union Minister for Commerce and Industry Piyush Goyal has ruled out India resuming talks to join the RCEP, saying that country walked out of negotiations to give primacy to the national interest.
 "Union minister Piyush Goyal rules out India rejoining RCEP negotiations")
Beyond $400 billion
Exports need policy support
 "Beyond $400 billion")
RCEP: World's largest trade deal comes into effect in Malaysia
The country is expected to see a $200 million increase in export gains, making the RCEP a vital tool in recovering from the economic disruptions caused by the Covid-19 pandemic, it said
 "RCEP: World's largest trade deal comes into effect in Malaysia")
The future of trade
India must increase its ambition
 "The future of trade")
RCEP promise of enhanced trade will be challenged by geopolitics: Report
The RCEP, which came into force on Saturday for the majority of its 15 Asia-Pacific economies, will be challenged by Indo-Pacific geopolitics, according to a report.
 "RCEP promise of enhanced trade will be challenged by geopolitics: Report")
RCEP to catalyse sustainable economic recovery amid Covid: ASEAN's official
The entry into force of the RCEP agreement will open up opportunities to catalyse the expansion of regional trade, investment much needed for economic recovery amid Covid, said ASEAN Secretary-General
 "RCEP to catalyse sustainable economic recovery amid Covid: ASEAN's official")
India's FTA ambitions in perspective
A protectionist tariff structure and an inability to integrate with global value chains may prove to be major challenges for India as it seeks deeper trade agreements
 "India's FTA ambitions in perspective")
Thailand completes Regional Comprehensive Economic Partnership ratification
China and Japan have also completed ratifications of the pact.
 "Thailand completes Regional Comprehensive Economic Partnership ratification")
India's revamped FTA strategy
Its focus is at odds with the country's imperative of having an employment-promoting trade policy
 "India's revamped FTA strategy")
US should strengthen multilateral institutions
The US should, as leading economic power, quickly rescue moribund WTO dispute settlement mechanism and work with other countries to come up with meaningful initiatives
Welcome rethink on FTAs
Exports can enable sustainable economic growth
No FTA with nations you have armed conflict with: Fin secy on RCEP decision
Somanathan said that a dose of carefully calibrated tariff protection for select sectors showing potential may be desirable
 "No FTA with nations you have armed conflict with: Fin secy on RCEP decision")
Japan ratifies world's biggest free trade agreement involving China, ASEAN
Japan on Friday ratified the Regional Comprehensive Economic Partnership (RCEP)
Opportunities galore in the east
A deeper integration with east Asian economies could be integral to India's economic recovery in the pandemic
 "Opportunities galore in the east")
After Brexit
Boris Johnson's visit could be an opportunity for India
 "After Brexit")
Trade isolation
India might lose yet another growth opportunity
Markets for export
Target unrealistic while govt frowns on trade deals
 "Markets for export")
Rejecting RCEP making it tough for India to raise exports: Experts
In 2019, these 15 RCEP countries' combined imports goods were worth $4.96 trillion
 "Rejecting RCEP making it tough for India to raise exports: Experts")
Not your grandfather's manufacturing
While announcing its policies, the government needs to keep in mind that global manufacturing is also changing
Exiting RCEP may backfire as India could lose market share to trade bloc
Modi pulled out of what's now the world's largest free-trade agreement to appease farmers and touted the exit as a victory for India's poor
 "Exiting RCEP may backfire as India could lose market share to trade bloc")
