India RCEP Current Affairs, GK & News

Indonesia’s stance on RCEP

December 31, 2021

On August 25, 2021, Trade Minister of India, Muhammad Lutfi, presented his case for lower house of Indonesia’s legislature, for ratifying the Regional Comprehensive Economic Partnership (RCEP) trade pact. Highlights In his statement to DPR Commission VI, Minister had argued that RCEP will be beneficial to Indonesia. It also promises to strengthen its role in ..

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Why did India not sign the world largest RCEP trade deal?

November 17, 2020

On November 15, 2020, China and other fourteen Asian countries signed the world largest trade pact under the RCEP of ASEAN grouping. The agreement left the doors open for India. However, in 2019, India walked out of the agreement. Why did India not sign the agreement? According to India, the deal does not address its ..

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India to set strict restrictions on non-essential imports from China

January 3, 2020

Ministry of Commerce and industry has announced that 371 items from China will get strict restriction from March 2020. The move aims at curbing imports of non-essential items such as plastic goods, toys, furniture, sports. Highlights The rules are to be framed by the Ministry in coordination with BIS (Bureau of Indian Standards). Though the ..

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RCEP to meet again as India fails to agree on a common ground

October 14, 2019

The RCEP – Regional Comprehensive Economic Partnership hosted meeting on October 11 and 12, 2019 in Xinhua Thailand. The trade ministers of 16 nations met and discussed on economic affairs in the region. However, due to India’s tough stand on market access, e – commerce and investment the grouping will meet once again. RCEP includes ..

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