ISDS Case Map
India
India has decided to pull out of the RCEP, an invitation to join later still standing. Even though the reasons provided for this fallout do not mention it, but one of the major contentions was the e-commerce chapter to which India did not relent.
India and China said a new committee, headed by senior ministers, will meet at the earliest and discuss ways to pare the $53-billion trade deficit between the two countries.
Reacting to the developments in Thailand, with countries in RCEP negotiations deciding to go ahead for now without India, farmer leaders in India stated that this is a good development, and that India will not lose in any manner.
India and China could look at a bilateral understanding on RCEP, which could mean an opportunity for India to consider joining the pact.
Indian commerce minister will meet his US counterpart Robert Lighthizer, on Nov. 13, days after India exited the RCEP.
Move follows govt. decision to pull out of RCEP; Europe sceptical about timeline.
he EAEU deal may well be championed in India as a game-changer, and in certain sectors it will be. But what India really needs is the motivation and initiative to compete with China.
A Chinese state-run English daily said, “the countries involved in the Regional Comprehensive Economic Partnership shouldn’t lose the chance to include India."
Benny Kuruvilla from Focus on the Global South spoke with trade expert, Prof. Biswajit Dhar from the Jawaharlal Nehru University and Ranja Sengupta, senior economist with the Third World Network.
While India has now opted out of the RCEP negotiations, it has not completely abandoned its policy of pursuing free trade agreements
