India RCEP Current Affairs, GK & News
Philippines’ stance on RCEP
Philippines Senate has postponed the ratification of RCEP after Farmers and other civil society groups in the country took cue from India’s decision to stay out of RCEP. Highlights Philippines also expressed strong reservations against mega trade deal signed by Duterte government. Decision to defer ratification was taken in the backdrop of strong opposition by ..
Month: Current Affairs - February, 2022
Category: International / World Current Affairs
Topics: ASEAN Summit • Free trade agreements • India RCEP • Philippines' stance on RCEP • Regional Comprehensive Economic Partnership
Indonesia’s stance on RCEP
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 ..
Month: Current Affairs - December, 2021
Category: International / World Current Affairs
Topics: India RCEP • Regional Comprehensive Economic Partnership (RCEP) • Trans-Pacific Partnership (TPP) • UPSC
Why did India not sign the world largest RCEP trade deal?
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 ..
Month: Current Affairs - November, 2020
Category: Economy & Banking Current Affairs - 2022 • International / World Current Affairs
Topics: ASEAN • FTA • India RCEP • Most favoured nation • RCEP • Trade Deficit
India to set strict restrictions on non-essential imports from China
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 ..
Month: Current Affairs - January, 2020
Category: Economy & Banking Current Affairs - 2022
Topics: BIS • FTA • India China • India RCEP • India-China Trade Deficit • Ministry of commerce & industries • Trade Deficit
RCEP to meet again as India fails to agree on a common ground
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 ..
Month: Current Affairs - October, 2019
Category: International / World Current Affairs
Topics: ASEAN • India RCEP • RCEP • RCEP Ministerial Meeting • Thailand