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Top related persons:
Piyush Goyal - 1 Industry Piyush Goyal - 1 CNBC's Tanvir Gill - 1 Goyal - 1 RCEP - 1 Chris Hipkins - 1 Shigeyuki Goto - 1 Damien O’Connor - 1
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RCEP - 2 ASEAN - 2 Association of Southeast Asian Nations - 2 New Zealand - 2 Trade - 2 Economic - 2 Pacific - 2 Thomson - 2

Search resuls for: "RCEP"


5 mentions found


☆ India rules out joining RCEP, accuses China of non-transparent trade practices
  + stars: | 2024-09-23 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIndia rules out joining RCEP, accuses China of non-transparent trade practicesIndian Commerce and Industry Minister Piyush Goyal said that it was not in India's interest to do a free trade agreement with China.
Persons: Piyush Goyal Organizations: RCEP, Indian Commerce and Industry Locations: China
☆ India rules out joining world’s largest trade deal, accuses China of 'very opaque' trade practices
  + stars: | 2024-09-23 | by ( Lee Ying Shan | In Ying-Shan-Lee | ) www.cnbc.com   time to read: +2 min
Anadolu | Anadolu | Getty ImagesIndia's commerce minister rejected the idea of joining the Regional Comprehensive Economic Partnership, the world's largest trade deal, maintaining that it is not in the country's interest to be part of a free trade agreement with China. Negotiations for the RCEP started in 2013 and initially included India, which some members viewed as a counterbalance to China. However, in 2019, India chose not to join RCEP, citing unresolved "core interest" issues. Goyal noted that at that time, India already had a free trade agreement with ASEAN, Japan and Korea, as well as a bilateral trade with New Zealand worth $300 million. "It was not in our farmers' interest, RCEP did not reflect the aspirations of our small and micro medium industries and sector, and in some form, was nothing but a free trade agreement with China," he said.
Persons: Industry Piyush Goyal, CNBC's Tanvir Gill, Goyal, RCEP Organizations: Anadolu, Getty, Regional Comprehensive Economic, ASEAN, Commerce, Industry, —, Association of Southeast Asian Nations, RCEP, New Zealand, Trade, Semiconductor Locations: China, India, Asia, South Korea, Japan, Australia, New Zealand, Korea
☆ Biggest hurdles to China entry into trans-Pacific trade pact are political
  + stars: | 2023-07-31 | by ( Lucy Craymer Joe Cash | Lucy Craymer | Joe Cash | ) www.reuters.com   time to read: +7 min
China's application, by far the biggest economy, is next in line if they are dealt with in the order they were received, although that is not a given. The free trade agreement has its roots in the U.S.-backed Trans-Pacific Partnership, developed in part to counter China's growing economic dominance. I think that is completely wrong," Tim Groser, a former New Zealand trade minister and chief trade negotiator said. For CPTPP members, China's application is not the only political dilemma. Taiwan is also seeking to join the pact, in a move opposed by China that member trade negotiators remain unsure about.
Persons: Chris Hipkins, Shigeyuki Goto, Damien O’Connor, Trade Kemi, Damien O'Connor, Donald Trump, Henry Gao, couldn't, Tim Groser, CPTPP, Graham Zebedee, Britain's, New Zealand Wang Xiaolong, Hopes, Wang Huiyao, Antony Blinken, Natalie Black, Lucy Craymer, Joe Cash, Jamie Freed Organizations: New Zealand, Economic, New, Trade, Export, State, Business, Malaysian, Beijing, Pacific, New Zealand's Trade, Pacific Partnership, Communist Party, Singapore Management University, Ministry of Foreign Affairs, World Trade Organization, Australia, Center for, Political, Comprehensive Economic, U.S, Asia Pacific, Thomson Locations: British, Trade Kemi Badenoch, Taiwan, AUCKLAND, BEIJING, China, Pacific, Britain, Auckland, Ukraine, Costa Rica, Uruguay, Ecuador, U.S, Japan, Australia, Canada, Beijing, New Zealand, SOEs, Mexico, Center for China, Wellington, Asia
☆ Top diplomat says China, ASEAN pushing ahead with free trade area talks
  + stars: | 2023-07-13 | by ( ) www.reuters.com   time to read: +2 min
[1/2] China's Director of the Office of the Central Foreign Affairs Commission Wang Yi, Indonesian Foreign Minister Retno Marsudi and Russia's Foreign Minister Sergei Lavrov attend a meeting in Jakarta, Indonesia, July 12, 2023. REUTERS/Ajeng Dinar UlfianaBEIJING, July 13 (Reuters) - China and the Association of Southeast Asian Nations (ASEAN) are pushing ahead with talks on a third version of a free trade agreement at an ASEAN summit in the Indonesian capital of Jakarta, China's top diplomat Wang Yi said on Thursday. The Regional Comprehensive Economic Partnership (RCEP) is the world's largest trade bloc backed by China. "We will continue to deepen the comprehensive strategic partnership with ASEAN," Wang said. According to customs data on Thursday, the value of China-ASEAN two-way trade hit $447.3 billion in January-June, down 1.5% year-on-year.
Persons: Central Foreign Affairs Commission Wang Yi, Retno Marsudi, Sergei Lavrov, Wang Yi, Wang, Lv Daliang, Liz Lee, Ellen Zhang, Bernard Orr, Clarence Fernandez, Simon Cameron, Moore Organizations: Central Foreign Affairs Commission, Russia's, REUTERS, Association of Southeast Asian Nations, ASEAN, Economic, Trans, Pacific, Thomson Locations: Indonesian, Jakarta, Indonesia, BEIJING, China, China's, Asia, Pacific, Australia, Japan, U.S, ASEAN
☆ The world's largest trade deal could be signed in 2020 — and the US isn't in it
  + stars: | 2019-11-12 | by ( Yen Nee Lee | ) www.cnbc.com   time to read: +5 min
Manan Vatsyayana | AFP | Getty ImagesAfter more than six years of negotiations, more than a dozen countries in Asia Pacific are now aiming to sign what would be the world's largest trade agreement in 2020. All 16 countries started negotiating RCEP in 2013, when talks for another major trade pact — the Trans-Pacific Partnership or TPP — were underway. Given China's absence in the then U.S.-led TPP, which was slated to be the world's largest trade deal, many observers considered RCEP a way for Beijing to counter American influence in the region. The final text with details of the trade agreement will go through legal reviews before being signed and released. Deborah Elms, executive director at consultancy Asian Trade Centre, told Reuters that would help Asian producers to sell more of their products to the rest of the region.
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