Vietnamese Minister of Industry and Trade Tran Tuan Anh will chair the ministerial meeting on Regional Comprehensive Economic Partnership (RCEP)
Economic delinking with China makes no sense for India; investment, growth and public welfare will suffer
New Delhi must pursue strategies that will enable it to take its place in an interconnected world
After a riposte to China's bullying tactics, India must now focus on the economic pillar of the Indo-Pacific strategy
India can't afford to ignore RCEP
External affairs ministry opposes India joining it, but commerce dept open to studying new proposal
Arvind Panagariya also pointed out that Covid-19 pandemic may lead to integration of global labour market
NIPFP's Rathin Roy said that providing income support and preventing wealth disruptions is a necessary requirement in the current situation.
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The minister said India gives importance to 'the fair dealing and the reciprocity' while signing any multilateral agreements.
Tackling Covid-19 should open the door for urgent economy-wide reforms
In the long term, however, we reaffirmed the importance of robust global supply chain
Jaishankar said obviously in a globalised world, no economy can be an island unto itself
Asked about the UNHRC director not agreeing with India on the Kashmir issue, Jaishankar said: "UNHRC director has been wrong before.
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By not joining the trading arrangement, India risks becoming a rule taker rather than a rule maker
The RCEP is a proposed pact between 10 Asean economies and six others (New Zealand, Australia, China, India, Japan, and South Korea) with which the grouping currently has free-trade agreements
In ratifying the RCEP, the barriers would have been lowered with only China, Australia and New Zealand.
Goyal said the RCEP in its present form was clearly an unworkable agreement
India could have expanded trade and exported more to current partners if it had chosen to stay in the partnership