RCEP trade ministers to meet in Philippines in Nov
The Dollar Business Bureau In order to review the progress in RCEP (Regional Comprehensive Economic Partnership) and to iron out the issues that are holding back the negotiations, trade ministers of 16 nations, including India, Japan and China, will be meeting early next month. “There is going to be a ministerial meeting early November in the Philippines,” Commerce and Industry Minister Nirmala Sitharaman told reporters in New Delhi.The minister said that in the last round of discussions, held in China, all the nations talked in detail on investment, goods and services chapters. “In RCEP talks, we have gone into more details and are considering the offers made by other nations,” she said. There are various issues, such as the recommended single-tier system for tariff relaxation and the ...
RCEP talks may miss December 2016 deadline: Sitharaman
The Dollar Business Bureau The deadline of closing the negotiations for the proposed Regional Comprehensive Economic Partnership (RCEP) by December this year would be missed, said Commerce and Industry Minister Nirmala Sitharaman on Wednesday. The members of RCEP wanted to finish the discussions by December 2016. However, this seems not possible. The negotiations might go into 2017,” the minister told reporters. The next meeting of ministers for progress review of the negotiations is going to be held in November. The trade ministers of RCEP including India, Japan and China had a meeting in Laos on August 5 to end the deadlock and sort out the issues which are holding back the negotiations. There are various complex issues, such as from the services sector, which are holding ...
India, Singapore focus on bilateral trade to boost economic ties
The Dollar Business Bureau | @TheDollarBiz The Foreign Ministers of India and Singapore have directed officials to identify concrete projects in five focal areas of cooperation including trade, connectivity and investments, as a part of the second review of the Comprehensive Economic Cooperation Agreement (CECA) that was signed between the two countries in 2005. Singapore’s Foreign Minister K. Shanmugam and India's External Affairs Minister Sushma Swaraj said today in Singapore that CECA has helped bilateral trade to increase from $4.2 billion in 2003-04 to around $19.3 billion in 2013-14. “Singapore became one of India’s largest foreign investors in 2013, while Singapore is one of India’s top investment destinations,” they said. Sushma Swaraj said, “It is gratifying that Singapore is ...
