ISDS Case Map
RCEP
China's new zero-import duty policy threatens to sour Kashmir's famed apples for farmers. China's proposal which falls under the Regional Comprehensive Economic Partnership (RCEP)'s ambit of a free-trade pact, could sound the death knell for the Rs 7,000 crore fruit industry.
Both and Japan are pursuing their own initiatives to call shots in Asia, which may have ramifications for businesses and economies in the Mena region.
India's position in the RCEP is the most protectionist among all the member nations. India has been resisting demands from Korea & Japan on intellectual property clauses, and other nations on opening up markets.
India has been resisting pressure from other RCEP member nations to open up 90% of its traded goods to competition. This is due to the reason that the member nations are not ready to improve market access in services, one of India's core strengths.
After 30 years of neoliberal globalization, it has been increasingly acknowledged that austerity, privatization, deregulation of finance, markets and corporations, and trade and investment liberalization have had a devastating and discriminatory impact on women.
It is highly probable that the Asean countries will use the official visit to gain some political mileage and push India towards steeper commitments on dismantling tariffs and improve market access commitments to RCEP members.
The Indian Ministry of External Affairs has taken a strong stand that the country should restrain itself from concluding free trade agreement from which it would not gain in the medium term.
In 2018, there will be negotiations on 10 new FTAs and a joint feasibility study of another 10 FTAs, says Chinese Ministry of Commerce official
Time and again India has flagged its concerns on the slow pace of services trade.
South Korea needs a balanced and sophisticated strategy to cope with efforts by China and Japan to take the lead in building a free trade framework for Asia and the Pacific amid the US’ strengthening protectionism, experts say.
