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India pulled out of the planned Regional Comprehensive Economic Partnership (RCEP) in 2018 after entering negotiations in 2013. India has a trade deficit with 11 out of the 15 RCEP countries and some analysts have theorised that India decided to opt out of the agreement because of such adverse trade balance. Indeed, India has a trade deficit with most of its trade partners in past free trade agreements (FTAs). It is in this context that this br
With a large decline in import duty collection and imposition of high levels of debt due to the China-Maldives FTA, Maldives will find itself in a pre
Even as trade talks between the US and China seem set to resume, geopolitical tensions between the two powers show no sign of abating.
A successful conclusion of the FTA with EU would go a long way in building international market confidence, giving much needed stimulus to the international economy. The loss of revenue from reduction in tariffs should be viewed in gains of transfer of technology, productivity increases and greater competition.
With the growing need to diversify supply chains, the EU needs to revisit the process of free trade agreements without alienating its members
The Centre seems to be keen on development of Free Trade Agreements with our East Asian and South-East Asian neighbours. The general idea floated in this context is: Trade is good. More is better. But, unbridled market force in the form of unbridled trade without the concomitant safeguards in regulation and risk management mechanisms might not be a wise idea.
Various estimates show that RCEP’s share in the world GDP may touch 50 per cent by 2050. The fear that India may be left out if it decides not to join the group is real. But given the economic clout of China and other economies, India may find it very difficult to grab a significant share of the this RCEP cake.
The India-UAE Comprehensive Economic Partnership Agreement (CEPA) will help augment India's economy and help it to pursue its geoeconomic strategy
Until the country can address its own economic problems, agreements like the RCEP may do more harm than good.
India has to weigh carefully the gains to be had from signing the treaty, which may mean making itself vulnerable to having its markets inundated with Chinese goods.
The African countries are set to launch the African Continental Free Trade Area or AfCFTA, the biggest free trade agreement in the world since the World Trade Organization was created in the 1990s. When implemented, the AfCFTA is projected to increase intra-African trade by 52.3 percent by 2022, from 2010 levels. In turn, higher trade levels can facilitate economic growth, transform domestic economies, and help the countries achieve the Sustainab
Unlike in other regions of the world, the value of intra-Africa trade has remained low over the years. Moreover, Africa accounts for just 2 percent of global trade. In 2021, African countries launched the African Continental Free Trade Area (AfCFTA), which aims to create a single African market for the free movement of goods, services, labour, and capital, and increase intra-African trade. AfCFTA may be able to provide Indian firms and in
The Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) was formed to foster socio-economic cooperation between its seven member nations – India, Bhutan, Myanmar, Thailand, Bangladesh, Nepal, and Sri Lanka. The group signed a free trade agreement (FTA) in 2004, but the pact is still not operational due to the lack of consensus on certain key issues. Some members like India are keen to finalise the terms of t
The latest developments from Africa.
This two-part article series aims to reason the factors that have initiated and promoted anti-Indian sentiments in the neighbourhood. This part will e
Biden and his team know that the key to an expansive global agenda lies in “a dynamic, inclusive, innovative national economy.”
The Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) has gained more importance recently because of the many hurdles that have come in the way of the South Asian Free Trade Agreement (SAFTA) since 2016, mainly due to issues between India and Pakistan. This brief explores the possibilities of stronger trade and investment ties between the BIMSTEC nations by expediting the signing of a Free Trade Agreement (F
The British government's Integrated Review brought out in 2021 places a high priority on its partnership with India
Enabling greater free trade and removing NTBs should be undertaken with the goal of not just regional integration and growth but also development of communities, employment and poverty alleviation across South Asia.
The EU wants to make sure that the UK doesn’t walk away with all the benefits of remaining in the bloc while avoiding the bureaucratic challenges.
British officials have been signalling that Brexit could augur well for trade ties between India and the EU as the two nations would find it easier to conclude a free trade pact without the involvement of the entire panoply of EU member states.
There is need for greater transparency in the Free Trade Agreement negotiations. There could be more information sharing with civil society groups and the general public so that the content of the negotiations would get public approval faster, making it easier to conclude the FTA.
Beijing hopes expansion in the American backyard will make dominoes fall
Ten years after joining the EU, Croatia has finally been given the green light to join the Schengen and Eurozone
The rising animosity has a great potential to affect the ability of the two nations to counter regional threats.
India and the European Union continue to struggle to conclude a bilateral Free Trade Agreement even a decade after the negotiations were first launched in 2007.
The United States, Japan, India, Australia – may emerge as guarantors of free trade and defense cooperation to check China
The normalisation of trade between India and Pakistan could lead to preferential trade arrangement under SAFTA (South Asian Free Trade Agreement of 1996). This would increase regional trade and stability.
The US-led TPP would face increasing competition as China recently concluded a free trade agreement with Australia (ChAFTA) and South Korea and is pushing for a broader Asia-trade pact - Regional Comprehensive Economic Partnership.
A ‘new age’ free trade deal with India remains critical in anchoring the United Kingdom economically to the Indo-Pacific
India and the Central and Eastern European countries can work together towards a rules-based international order
Has India’s free trade agreement with the 10-member Association of South-east Asian Nations (ASEAN) spurred India Inc.’s globalising drive eastwards? This region, after all, has recently emerged as a major destination for investments from Japan – which is widening its options due to its conflicts with China – and the US, with its so-called ‘pivot to Asia’. India’s Free Trade Agreement (FTA) with ASEAN, which kicked off in January 20
In order to get an accurate picture of trade in India’s neighbourhood, one has to look beyond Free Trade Agreements.
India and Sri Lanka are now working on a comprehensive economic agreement following the success of the Free Trade Agreement of 1999. This was stated by Sri Lanka's Minister for Export Promotion and International Trade,
भारत और संयुक्त अरब अमीरात का व्यापक आर्थिक भागीदारी समझ
Identifying factors that have impaired the once-promising India-Russia relations
As India aspires to become a global semiconductor hub, Israel can be a model to follow and a partner to work with
The revival of the multi-modal connectivity web in today’s context — with the Bay of Bengal central to it — holds rich promises for all South an
With the good news from the 17th SAARC (South Asian Association for Regional Cooperation) meeting in the Maldives about the future effective implementation of the South Asian Free Trade Area agreement, trade relations among member-countries will get a big boost.
The Maldives became the second country in South Asia, after Pakistan, to enter into a free trade agreement with China. The Yameen government pushed the FTA through the nation's Parliament, the Majlis, stealthily, with the opposition not attending the parliamentary session.
China, Japan and South Korea have a long way to go in their trilateral free trade agreement. The road to an agreement is going to be long and complex. However, how this trilateral venture is going to be viewed by the US is to be watched with care and interest.
The signing of the framework agreement on free trade area was not anticipated during the event, which later appeared as a new revelation in the wake o
The recent European Parliamentary election shows the rise of the extreme right wing parties. This is something that would hurt Indians living in Europe and UK. Some of these parties are strongly nationalist and anti immigration (racists), free trade and outsourcing.
