ISDS Case Map
ASEAN
What’s worrisome for India is the economic growth rate owing to the overall core sector slump and adverse bilateral trade balance with countries under the RCEP.
The new EU-Vietnam free trade agreement (FTA) shows the EU will look past human rights violations to push a trade agenda. But as FTAs with ASEAN states don’t offer the EU the same economic benefits, it’s unlikely the bloc will pen more in the near future.
EU is gaining a reputation in Southeast Asia for being hypocritical. Clearly, now, pragmatism is coming before principles, and values are to be provisional to trade policy.
Singapore is working with Britain on a trade deal that will port the provisions of the EU-Singapore Free Trade Agreement (EUSFTA) to the United Kingdom, said Foreign Affairs Minister Vivian Balakrishnan.
Sticking points could hinder other deals, as Vietnam gains from recent agreement
The success of the ASEAN-China FTA in helping to boost business amid Beijing’s tariff dispute with the US bodes well for the upcoming talks on the creation of a RCEP.
The ASEAN troika led by Indonesia had a “fruitful” and “very frank” dialogue with India on the RCEP and efforts are on to address Delhi’s concerns ahead of a meeting on the proposed trade agreement in China.
The new EU-Vietnam free trade deal could spark a manufacturing exodus from Thailand to Vietnam. Thailand will likely look to other markets to compensate.
Trade Ministers of Thailand and Indonesia and the Secretary-General of the 10-member ASEAN group met Commerce and Industry Minister Piyush Goyal to discuss ways to speed up the RCEP negotiations
Re-elected Indian government will engage in three sets of important trade talks: with the EU, the US and ASEAN negotiators this week.
