The Regional Comprehensive Economic Partnership, which includes Australia, New Zealand & Indonesia, aims to reduce tariffs, strengthen supply chains, and codify new e-commerce rules.
Taranjit Sandhu, Indian ambassador to the US, says it’s a win-win proposition & ‘our leadership has given direction' to wrap up a smaller deal and then go in for a bigger FTA.
India has decided it won’t join any trade deal that has China as a member. But RCEP member nations are likely to sign deal despite Beijing’s belligerence.
In an interview to ThePrint, envoy Pham Sanh Chau said Vietnam will facilitate India's entry into RCEP at a later stage, ‘which is at the most comfortable time for India’.
Modi govt has been working on a multi-pronged strategy since walking out of RCEP last year. LAC incident has only pushed the process, says top official.
There is no doubt that once the world has conquered the coronavirus pandemic, there will be a tectonic shift in the global balance of power. India cannot be a lone crusader.
Through film, textile, scent, sound, and gesture, spectators are invited to descend into an immersive environment where inherited knowledge seeps through material and form.
November exports to the US saw 10% growth from the previous month. Overall, in the first 8 months this fiscal, the merchandise exports to the US touched has touched $59bn.
Of the total package, $649 million will be utilised for additional hardware, software, and support services, and the remaining for Major Defence Equipment (MDE).
Don’t blame misfortune. This is colossal incompetence and insensitivity. So bad, heads would have rolled even in the old PSU-era Indian Airlines and Air India.
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