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.
It used to be Tatas and Birlas in the loose political rhetoric of the 1970s and the 1980s. Today, it is Adani and Ambani in the heated Lok Sabha election campaign.
About 300 employees had called in sick Wednesday, allegedly in protest against mismanagement of airlines. Remaining staff given ultimatum to rejoin work by end of Thursday.
A theme has not yet emerged for BJP & people see lack of a contest, which makes it unexciting. For all these reasons, 2024 is turning out to be an unexpectedly theme-less election.
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