India which has not signed any trade agreement since 2012
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
Self-reliance cannot be a superior alternative to open trade
Examining instead Japan-India-Australia Supply Chain Resilience Initiative for free, transparent trade and investment
15 nations seek to announce the agreement by the end of this week's Asean Summit, which Vietnam is hosting virtually
Earlier this month, Union Commerce Minister Piyush Goyal had said that India has given a "very good and balanced offer" to the US for such a pact
India is in the process of finalising the proposed free trade agreement with Mauritius which is aimed at further strengthening economic ties
Proof of 35% value addition in goods from country of origin must from Monday
Finance ministry sources said misuse of the FTA route has been on the rise for the last few years to escape customs duty on imports
New Delhi continues to push an early-harvest deal, to be followed up with detailed negotiations on a comprehensive Free Trade Agreement
The ''rules of origin'' provision prescribes for the minimal processing that should happen in the FTA country so that the final manufactured product may be called originating goods in that country
He also said that if some countries continue exporting low-quality goods or dumping products or routing exports through India's free trade agreement (FTA) partners, India would take actions
The Centre is playing down its trade relations with Asian countries with more noises about de-coupling from China
Govt had earlier criticised free trade deals for boosting cheap imports into the country
But transparency, predictability of policies and ease of doing business need to improve further at ground level, he says
Until 2005, India and China were close in their overall trade volume with South Asia
The world gross domestic product is expected to contract by 3%, international trade may decline by up to 32%, and 49 million people could slip into extreme poverty
The development comes as the mission has extended its stay in Pakistan for making more efforts to strike a consensus on the staff-level agreement
In Budget 2020, FM emphasised the need to strengthen 'rules of origin' under the FTA to curb import from non-producing (trading) countries
Budget continues the backward slide on trade