The RCEP is a proposed free trade agreement (FTA) between the 10-member states of the Association of Southeast Asian Nations (ASEAN) (Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand, Vietnam) and the six states with which ASEAN has existing free trade agreements (Australia, China, India, Japan, South Korea and New Zealand).
The 9th edition of Delhi Dialogue with the theme "ASEAN- India Relations: Charting the Course for the Next 25 Years" will be attended by political leaders, policy makers, senior officials, diplomats, business leaders and think tanks from India and several ASEAN member countries.
Also known as 'Delhi Dialogue', the conference has emerged as an important forum at which political leaders, policy makers, researchers, academicians, business leaders and media persons converge for brainstorming on a range of issues pertaining to ASEAN-India relations.
Enhancing digital and infrastructure connectivity with ASEAN countries is a major priority for India, she added. Irani was addressing the ‘Conference on ASEAN India Cooperation’ on the third day of the ongoing Textiles India 2017 Summit at Gandhinagar.
Discussing various aspects of India's strategic partnership with the powerful bloc, Swaraj said ASEAN-India trade was back on track after two years of slow growth with an increase of 8 per cent in 2016-17.
RCEP is made up of the 10 ASEAN countries along with Japan, South Korea, Australia, New Zealand, China and India. It is now seen as an alternative to the Trans Pacific Partnership (TPP), from which the Trump Administration has withdrawn the US.
Chinese Commerce Minister Gao Hucheng announced the deals without giving details, saying it was an "initial batch" of projects that still needed to be finalised and paperwork still needed to be processed by the banks involved.
The "end of globalisation" is one of the biggest threats to Asia Pacific's overall economic and political security, while India has a "medium" political risk forecast, says a report.
Tata Motors and Castrol today inked a three-year agreement under which the lubricants maker would supply commercial vehicle oils to the home grown auto major in over 50 markets including SAARC and ASEAN region, Middle East, Africa, Russia and Latin America.
India has completed a 130-km stretch of road connecting the country with Kalewa in Myanmar, part of the India-Myanmar-Thailand (IMT) trilateral highway, Parliament was informed today.
Among the BRICS nations, India, China and South Africa have improved their ranking from the previous edition.
It would be positive for investment and result in disinflation among other benefits, he said, while commenting on the government's decision to demonetise high value currencies last week.
Faced with a huge trade deficit, India is expected to offer a different set of duty concessions for China at the Regional Comprehensive Economic Partnership (RCEP) ministerial meeting in the Philippines on November 4.
"There is going to be a ministerial meeting early November in the Philippines," Commerce and Industry Minister Nirmala Sitharaman told reporters here.
Aluminium major Hindalco today sought government support to enable the domestic industry to take on what it called "foreign economic invasion" and urged it to encourage new investments.
"ASEAN is a key partner for our 'Act East' policy, which is vital for the economic development of our Northeastern region, he said in a statement ahead of his two-day visit that begins today.
The company is looking at growing its topline by about 10 percent in FY17, said Kejriwal, MD and CEO, KEC International.
Following the turmoil of the UK's vote to exit the European Union (EU), the combined value of bonds with negative yields jumped to USD 11.7 trillion, according to a Fitch Ratings report on June 29, marking a 12.5 percent increase since the end of May.
India and ASEAN need to consider the issue of terrorism "seriously" so as to prevent it from disrupting trade and commerce, Minister of State for External Affairs V K Singh said on July 8
"Trade between two countries is quite low and there is room for more cooperation between Thailand and India," Thailand Board of Investment Deputy Secretary General Chokedee Kaewasang said here.
Commerce Secretary Rita Teaotia today said that the trade route between India and Myanmar has the potential to gain significantly from the Association of South-East Asian Nations (ASEAN) region.
Indian automobile industry has approached the government to consider a rupee-based payment mechanism for trading with African nations as companies face a major hurdle in dollar-denominated payout
The company's product range fits well with the Malaysian consumer requirements and with the support of key distribution and retail partners in Malaysia, Apollo Tyres has been able to penetrate most of the key replacement tyre market segments, he added.
Co-operation with ADB in development will also be on his agenda, the Finance Ministry said in a statement.
The US has decided to create digital attache programme and appoint a new set of officials at its diplomatic missions in four countries including India.