India should not ignore the opportunity of attracting global value chains that RCEP can offer
In 2020, the government must examine why domestic enterprises are hesitant to stand up to the global high trade
ASEAN and India economies should continue to uphold an open and inclusive strategic outlook, Indonesian Foreign Minister Retno Marsudi said
Among the FTAs which have affected Indian domestic industry adversely, the India-Korea CEPA, signed in 2009, has been significant. India had a trade deficit with South Korea of around $4.5 billion in 2009, and increased to $11.5 billion in 2018.
"India has sought review of its existing trade agreements with both ASEAN and Japan," he said in a written reply to the Lok Sabha.
India needs to do a more convincing job as a beneficial strategic partner of ASEAN by boosting its domestic economic reforms agenda, enhancing regional connectivity, and increasing its presence in regional institutions. ASEAN too should be more specific in its expectations from New Delhi.
This is the moment to disclose not just the outstanding issues pending resolution but also our negotiating positions on every one of the twenty RCEP chapters.
Trump's absence from the meetings left plenty of room for China and other regional powers to raise their own profiles.
The possible delay in firming up the Regional Comprehensive Economic Partnership (RCEP) during the 3-day ASEAN summit in Bangkok has been attributed to India's "new demands" on market access, and tariff related issues.
Ties between Seoul and Tokyo -- both of them US allies facing the twin challenges of nuclear-armed North Korea and an increasingly assertive China -- are at rock-bottom over a dispute related to Japan's use of forced labour during World War II, with the countries trading retaliatory sanctions.
Robert O'Brien, the national security adviser Trump sent in his stead, included the invitation in a letter from Trump that he read at a U.S.-ASEAN meeting on Monday on the sidelines of the summit of the 10-nation Association of Southeast Asian Nations on the outskirts of Thailand's capital.
Under ‘rules of origin’ clause, ‘region’ will get access to Indian markets regardless of which RCEP country exports to India
It is uncertain as to how Indian negotiators will draw the line to tackle an inevitable surge in Chinese imports through RCEP countries
India’s silence on developments in the South China Sea is highly unlikely to win it a lasting friendship with China but has the potential to do it some lasting damage.
The minister also said that market access issues with China for Indian goods have been particularly problematic
The Moon administration's 'New Southern Policy' focuses on South Korea's development of its relations with Southeast Asia and ASEAN.
The Regional Comprehensive Economic Partnership (RCEP) includes all 10 ASEAN economies, plus India, Japan, South Korea, Australia and New Zealand.
The region has come under fire for not doing enough to tackle its mounting trash troubles, with single-use plastic and sub-par waste management adding to the problem.
India had invited SAARC (South Asian Association for Regional Cooperation) leaders for a similar event in 2014.
The Indo-Pacific is a biogeographic region, comprising the Indian Ocean and the Western and Central Pacific Ocean, including the South China Sea.
Once the governmentally-driven geopolitical phase of hard infrastructure is over, private companies will take over. If by then Chinese, European or ASEAN companies have taken over major operations, it will be too late Indian companies to enter.
The ASEAN-India SOM reviewed the strategic partnership and its future direction.
"The aim of the conference is to establish better co-operation in medical operations amongst ASEAN and ASEAN-Plus countries for civil support by military operations other than war, especially humanitarian assistance and disaster response missions," the official said in a statement.
"PM @narendramodi at #EastAsiaSummit reiterated India's vision of a peaceful, open and inclusive Indo Pacific region, strengthening maritime cooperation and commitment to a balanced RCEP," Ministry of External Affairs spokesman Raveesh Kumar tweeted.
Li is on an official visit to Singapore which will end on November 16. He is to deliver a lecture and participate in a summit of the Association of Southeast Asian Nations.