ISDS Case Map
RCEP
Japan aims to expand a major regional free trade pact called the CPTPP, Prime Minister Yoshihide Suga said on Friday, potentially catering for China’s and Britain’s interest in joining the deal.
India refused to join RCEP citing reservations that goods manufactured by China could come into India. Jaishankar also said India would like a fair and balanced trade deal with the European Union.
The Regional Comprehensive Economic Partnership (RCEP) that was signed virtually yesterday is a wake up call for the cheerleaders of hyperglobalisation: countries and their peoples have become wary and weary of these mega-free trade deals
In the wake of the successful signing of the world's largest trade deal - RCEP that encompasses a third of the global economy, a higher level trilateral free trade agreement(FTA) among China, Japan and South Korea is likely to be reached sooner than expected.
Seeing the pact as a vital tool for economic recovery and growth, Thai ministry expects free trade among RCEP members to start by the middle of next year, following almost eight years of talks.
RCEP is a threat to people’s rights. Thus, it is imperative that the people push back the neoliberal narrative of RCEP and confront the corporate dictates over economic and political policies.
Fifteen countries will sign a mega-trade deal at the ASEAN conference this weekend imposing secretive restrictions on how governments help workers through the pandemic, trade union leaders and parliamentarians have warned.
Even as the new agreement between ASEAN nations and its free trade partners establishes the largest trading bloc in the world, it is vehemently being opposed by labor unions, trade justice groups and women’s movements
Fifteen Asia-Pacific economies signed what could become the world’s largest free trade agreement on Sunday, covering nearly a third of the global population and about 30% of its global gross domestic product.
India will avoid joining agreements which are actually trade pacts by stealth with China and instead explore trade agreements with developed countries with large markets such as the US and EU where Indian products and services would be competitive unlike ASEAN.
