Page 3 - Rcep

India, RCEP and economic theory

As things stand, the RCEP is dead in the water without India and can not last as an effective trading bloc

Best of BS Opinion: Budgeting in unusual times, end of a 'holy warrior'

Here's a selection of Business Standard opinion pieces for the day

Unrealistic to expect manufacturing to be 25% of India's GDP, even by 2030

The decision to stay out of the Regional Comprehensive Economic Partnership has the potential to become in the long term one of the Modi govt's major blunders. T N Ninan explains why

India pulled out of RCEP as concerns not addressed: EAM S Jaishankar

India pulled out of the Regional Comprehensive Economic Partnership (RCEP) last year as joining it would have resulted in fairly negative consequences for the country's economy, Jaishankar said

Jaishankar speaking language of 70s by railing against FTAs: Chidambaram

'I must express my dismay over the speech by foreign minister... when he railed against trade agreements and praised the virtues of protectionism,' Chidambaram says

Best of BS Opinion: India's economic self-harm, LAC disengagement and more

Here are the best of BS Opinions of the day

Radical reformer

Book review of The Iconoclast: Shinzo Abe and the New Japan

Economic self-harm

Self-reliance cannot be a superior alternative to open trade

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

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

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

Mega free trade agreement likely to be a closed chapter for India

Examining instead Japan-India-Australia Supply Chain Resilience Initiative for free, transparent trade and investment

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

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

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

The trade push

India should focus on exports for growth

Policy influencers: How SJM, CAIT have impacted Modi's economic road map

The SJM lobbied vigorously against the RCEP that culminated in an 11-day national protest in October 2019

Exercise caution on the proposed trade pact with US: Experts to govt

Govt had earlier criticised free trade deals for boosting cheap imports into the country

Self-reliance and supply chains

India needs to focus on manufacturing competitiveness, rather than building domestic supply chains in their entirety

ASEAN Summit to be held via video conference on June 26 due to Covid-19

Vietnamese Minister of Industry and Trade Tran Tuan Anh will chair the ministerial meeting on Regional Comprehensive Economic Partnership (RCEP)