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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.
Trudeau and his Liberal Party raised hopes by pursuing progressive social, economic policies such as legalising the consumption of marijuana for recre
China’s maritime economic initiative, the 21st Century Maritime Silk Road (MSR) that is part of the larger One Belt One Road (OBOR), has been under considerable international focus recently. India, for its part, has remained non-committal despite China’s charmed offensive. However, with the signing of the Trans-Pacific Partnership and the proposed Transatlantic Trade and Investment Partnership, both of which exclude the growing economies of I
In the light of the fact that India is not a member of the Trans-Pacific Partnership, it is important for the country to forge a deal in RCEP. In the current scenario, there have been increasing attempts by Indo-Pacific region members to voice growing concerns regarding Non Tariff barriers hindering trade prospects in the regional bloc.
