Asia-Pacific partnership set to create new ‘centre of gravity’ for global trade


A new Asia-Pacific free trade agreement set to enter into force on 1 January 2022 will create the world’s largest trading bloc by economic size, according to an UNCTAD study published this week. The Regional Comprehensive Economic Partnership (RCEP) includes 15 East Asian and Pacific nations of different economic sizes and stages of development. They are Australia, […]

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Crackdown on imports from China upsets Indian exporters


Indian exporters are apprehensive about heightened scrutiny of consignments from China by the Indian customs. In a letter to commerce secretary Anup Wadhawan, Federation of Indian Export Organisations (FIEO) President Sharad Kumar Saraf said some exporters had expressed fears over Indian goods being held up by customs authorities in Hong Kong and China apparently in […]

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Minimum Support Price hikes add to the woes of India’s farm exports


India’s farm exports are at a severe peril. First, a global oversupply in agricultural commodities has led to constantly declining agricultural commodity prices. To add to its woes, sustained and regular increases in the minimum support price (MSP) of agri commodities by the Indian government has over-priced the country’s agricultural commodities in the world market. […]

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India says big no to RCEP as market access and tariff concerns not answered


India has decided to not join the 16-nation Regional Comprehensive Economic Partnership (RCEP) trade deal on grounds that its key concerns over the agreement have not been addressed.  Prime Minister Narendra Modi said in Bangkok that the current form of the RCEP Agreement “does not fully reflect the basic spirit and the agreed guiding principles” […]

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UPASI, apex body of planters complains about proposed RCEP

The proposed Regional Comprehensive Economic Partnership (RCEP) will harm and worsen the trade deficit in the plantation commodities and make things miserable for the sector, which is already facing challenging times on account of low prices and high cost of production, says a study by the United Planters’ Association of Southern India (UPASI) , an […]

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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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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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Daily Masala

Here is what others are talking about this morning: Asian stocks consolidate after Wall Street gains, oil slips Oil prices fall on U.S. crude stocks build; fears over China demand Gold sits tight as investors wait for U.S. rate hike clues Iran signals more willingness for OPEC action to boost oil price India may sweeten […]

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