ISDS Case Map
RCEP
Malaysia hopes more emphasis and concrete measures will be given to realise the Regional Comprehensive Economic Partnership.
Even as the 16-nation RCEP (Regional Comprehensive Economic Partnership) ministerial in Laos on August 5 will mainly focus on liberalisation in goods trade, India has made it clear that it doesn’t favour an “early harvest”
India will show flexibility on goods side if RCEP members show higher commitment on trade in investment and services
Striking a balance between opening up trade and ‘Make in India’ is essential
China may step up trade and investment in India vis-à-vis the Asean countries. A lower bilateral trade deficit is a possibility
Likely to float proposal on moderation of tariffs instead of elimination in Jakarta
India will make a pitch for continuation of the three-tier system of tariff or tax elimination for member countries as a few countries favour only one tier, an official said.
ASEAN countries will propose to the 16 member states of the Regional Comprehensive Economic Partnership (RCEP) to eliminate tariffs on 92 per cent of trade in goods to promote economic integration of the grouping.
Thailand and other Asean nations should review their stance on the Trans-Pacific Partnership and rather refocus on materialising the Regional Cooperation on Economic Partnership, said former WTO chief.
Beijing is demanding greater tariff reduction
