Youve got to take the good with the ugly!
TPP is all about United States seeking more influence in the Asia-Pacific region and, of course, its desperation toward re-writing therules of global trade sans China Manish K. Pandey |The Dollar Business While US is Indias biggest trade market constituting about 13% of its total merchandise exports, the other 11 members of the TPP collectively account for about 11% of Indias total merchandise exports The Trans-Pacific Partnership (TPP) was finally agreed upon by the member countries last month after more than five years of discussions. Arriving at the accord was no mean feat given the diverse and competing interests of a dozen of nations: United States (US), Canada, Japan, Australia, New Zealand, Brunei, Mexico, Peru, Chile, Singapore, Malaysia and Vietnam. The mega-trade bloc ...
Developing nations among top FDI recipients in 2014
The Dollar Business Bureau Nine of the twenty largest investors were seen from developing economies in 2014 Global Foreign Direct Investment (FDI) inflows in 2014 fell by 16% to $ 1.23 trillion due to weak global economy, policy uncertainty for investors, among other reasons, said the World Investment Report 2015, released at the United Nations Conference on Trade and Development (UNCTAD). However, developing economies extended their lead in receiving FDI inflows, by occupying five positions among the top ten FDI recipients during the year. Inward FDI flows to the developing economies reached highest level ever at $681 billion registering a 2% rise in 2014, noted the report. The report further says that investments made by the Multi National Enterprises (MNEs) ...
Golden opportunity for India to benefit from ties with APEC, say experts
The Dollar Business Bureau Countries of Asia-Pacific Economic Cooperation (APEC) share many interests with India and there is a golden opportunity for the forum and New Delhi to benefit from deeper cooperation, a foreign ministry official said. “There is a golden opportunity for India and economic forums such as Asia-Pacific Economic Cooperation to benefit from deeper engagement. There is today a significant and identifiable convergence of interest and aspirations between India and APEC member economies,” said Anil Wadhwa, Secretary (East), Ministry of External Affairs. Wadhwa released a report ‘APEC and India: An Appraisal’ prepared by VS Seshadri, Vice-chairman, Research and Information System for Developing Countries (RIS) at a function organized by FICCI, RIS and ASEAN-India Centre on Friday. Wadhwa ...
Free Trade Agreements: Fears sans cheers!
Steven Philip Warner | The Dollar Business It’s easy to welcome diplomats for dinner sponsored by your taxpayers. It’s another thing to convince them to open their doors to your exporters. Eat they will [do you hate free lunches?] but apple polishers vanish when you have a price tag pegged to your homemade dishes. India’s experience is such. The reference to foreign representatives and “making them give too”, is because 2015 is a special year. Big, actually. Two mega-foreign trade pacts (FTAs/RTAs) should come into force this year involving nations accounting for over 60% of world GDP. One being the Transatlantic Trade and Investment Partnership (TTIP) between EU and US, the other being the Transpacific Partnership (TPP) that US will ...
Why an India-China FTA makes negative sense!
Steven Philip Warner | @TheDollarBiz While India has largely remained an exporter of traditional raw materials, China has moved up the value chain in exports. An FTA between the two nations will only benefit China (much) more. (L - Inside the biggest CCTV, surveillance camera company, in China, April, 2010 in Shenzhen; R- Textile workers in a small factory in Old Delhi, February, 2008 in Delhi, India) It’s surprising how many stakeholders and policymakers in India are proclaiming an India-China Free Trade Agreement to be a matter of “macroeconomic exigency”. Given China’s dominance in the world of foreign trade in recent years, especially exports, this seems a measured idea from a distance. But closer observation proves that this elixir of ...
