ISDS Case Map
RCEP
In a major speech on Wednesday, Chinese President Xi Jinping talked up his country’s plans for playing a greater role in global trade, without mentioning ongoing tensions with the US.
Minister of Trade Agus Suparmanto attended a virtual 'special caucus' meeting of 10 ASEAN Economic Ministers discussed status of the RCEP draft and consolidated ASEAN countries’ position in preparation for the signing of RCEP agreement in this year.
This study casts serious doubt on earlier more optimistic projections of projected gains and shows that the case for proceeding with the RCEP without India’s participation is even less convincing.
India’s decoupling from China led to a number of harsh steps to undermine the trade and investment relations with China, despite the fact that Chinese investment set the turf for mobile phone manufacturing in the country.
Action Aid is coordinating a giant photo petition to show leaders the people-powered movement saying #NoRCEP. Will you join us?
Indonesia expects to sign the Regional Comprehensive Economic Partnership (RCEP) in mid-November as the countries concerned finish negotiating the trade issues.
India’s pullout from the RCEP, like the prior U.S. withdrawal from the Trans-Pacific Partnership, has made a situation for Japan.
The loss of India from the RCEP pact is a bitter blow to Thailand which had been looking forward to becoming a partner with India’s technology sector which is also very close to that of the United States.
In November 2019, India pulled out of the deal primarily through concerns of dumping of manufactured goods from China and agricultural and dairy products from Australia and New Zealand, potentially affecting its own domestic industrial and farming sectors.
The RCEP agreement is ready to be signed next month, and is expected to take effect in the second half of next year, said Auramon Supthaweethum, the director-general of Thailand’s Trade Negotiations Department.
