RCEP deal may hurt India’s export competitiveness: Trade Promotion Council

The proposed Regional Comprehensive Economic Partnership (RCEP) agreement may hurt India’s export competitiveness as the trade balance is already skewed, Trade Promotion Council of India (TPCI) said. TPCI said that the proposed RCEP, which is a mega free trade agreement, could lead to flooding of goods in the Indian market from the member countries; and […]

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Southeast Asia’s energy demands will require $2.7 trillion investment: IEA

As Southeast Asia continues to urbanize at a breakneck speed, the developing region is projected to see a massive growth in energy demand over the next 20 years. Expected to increase by a whopping two thirds by the year 2040, Southeast Asia’s energy demand will require enormous investment and infrastructure in the energy generation and transmission […]

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Growth Holding Up in Asia and the Pacific, Trade Tensions Pose Risks – ADB

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Growth remains stable across most of developing Asia due to robust domestic demand, buoyant oil and gas prices, and a consolidation of India’s growth rebound, but escalating trade tensions will test the region’s resilience, a new Asian Development Bank (ADB) report said. In an update of its flagship annual economic publication, Asian Development Outlook (ADO) 2018, ADB maintained […]

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India’s non-ferrous metal firms raise concerns over New Delhi joining RCEP – report

India’s biggest non-ferrous metal companies have sounded a warning on the country joining the 10-member Regional Comprehensive Economic Partnership (RCEP) on fears of another blow to their business after their experience of the India-ASEAN free trade agreement, the Economic Times newspaper reported. These companies — Hindalco, Vedanta, Hindustan Zinc, Hindustan Copper and Nalco — with […]

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‘Tractors-as-a-Service’ to boost farm productivity in India and ASEAN region

Aeris, a technology leader in the Internet of Things (IoT), along with its partner, Hello Tractor, announced the launch of ‘Tractors-as-a-Service’ in India and the ASEAN region at a session on ‘India-Africa- ASEAN: Internet of Things (IoT) in Agriculture’, organised in association with The Federation of Indian Chambers of Commerce and Industry (FICCI). Industry leaders and diplomats from […]

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India, Asia-Pacific nations pledge to seek early conclusion of RCEP deal

Trade ministers and representatives from 16 Asia-Pacific countries have agreed to seek an early conclusion of the Regional Comprehensive Economic Partnership (RCEP) deal at their fifth ministerial meeting that wrapped up in Tokyo last week. During the two-day meeting, trade representatives from China, Australia, India, Japan, South Korea, New Zealand and the Association of Southeast […]

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India’s growth seen rebounding in 2018/19, China’s to moderate – IMF

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The International Monetary Fund (IMF) forecast India’s economic growth to rebound to 7.4 percent in the current 2018/19 financial year from previous year’s 6.7 percent, as the economy recovers from disruptions related to the currency exchange initiative and the rollout of the new Goods and Services Tax. However, it expects China’s economic growth to moderate […]

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