360° Coverage : RCEP will enhance trade and investment flow: India

11 Updates
RCEP will enhance trade and investment flow: India
Photo Credit: SAM PANTHAKY, Getty Images

RCEP will enhance trade and investment flow: India

Aug 20 2013, 10:22am CDT | by IANS

Bandar Seri Begawan, Aug 20 (IANS) India has said the formation of the Regional Comprehensive Economic Partnership (RCEP) will enhance flow of trade and investment, create employment and bridge the development gaps among the 16 Asia-Pacific countries.

Bandar Seri Begawan, Aug 20 — India has said the formation of the Regional Comprehensive Economic Partnership (RCEP) will enhance flow of trade and investment, create employment and bridge the...

Filed under: news

YouTube Videos

 
 
 

1 year ago

RCEP will enhance trade and investment flow: India

Aug 20 2013, 10:22am CDT | by IANS

Bandar Seri Begawan, Aug 20 (IANS) India has said the formation of the Regional Comprehensive Economic Partnership (RCEP) will enhance flow of trade and investment, create employment and bridge the development gaps among the 16 Asia-Pacific countries.

Bandar Seri Begawan, Aug 20 — India has said the formation of the Regional Comprehensive Economic Partnership (RCEP) will enhance flow of trade and investment, create employment and bridge the development gaps among the 16 Asia-Pacific countries.

Ministers of the 10 members of the Association of Southeast Asian Nations (ASEAN) and their six regional partners (India, Japan, China, South Korea, Australia and New Zealand) discussed at the Brunei capital ways to proceed with negotiations on lowering and eliminating tariffs for the creation of one of the world's largest free trade blocs.

"India firmly believes that greater economic integration among participating countries will boost economic growth, enhance flow of trade and investment, create employment opportunities and bring down the development gaps among the countries," Commerce and Industry Minister Anand Sharma said while taking part in the meeting which began Monday.

"Besides hoping to carve out a niche for itself in the regional value chains, India expects to benefit from the large integrated market for services and investments."

The RCEP economies announced the start of talks in November 2012 and held the first round of working-level negotiations in May, aiming to conclude a deal by 2015.

Sharma said the diversity in the economies of the RCEP demanded cooperation and compromise among the participants. "India, while maintaining a single schedule, will need adequate flexibility to address her sensitivities which may differ for each individual participating country."

Besides the Trade Negotiating Committee, Working Groups were established for Trade in Goods, Trade in Services and Investment. The TNC has finalised the Scoping Paper and the three working groups, namely on trade in goods, trade in services and investment, have initiated discussions towards finalising the approach and modalities for the negotiations.

The RCEP envisages regional economic integration leading to the creation of a trading bloc amounting for almost 45 per cent of the world population with a combined GDP of $21.4 trillion. This will greatly facilitate the development of regional supply chains and increase the efficiency and competitiveness of the manufacturing industry in this region with a view to jointly improve their global standing.

It is a comprehensive arrangement involving agreements in areas like trade in goods, trade in services and investment.

The second round of RCEP negotiations will be held in Brisbanefrom Sept 24 to 27.

IANS

Source: IANS

 
Update
11

3 weeks ago

High Commissioner of Botswana meets CDS

Nov 5 2014 12:33am CST | Source: Sri Lanka Ministry of Defense

Her Excellency Lesego Ethel Motsumi, High Commissioner of Botswana to India and Sri Lanka paid a courtesy call on the Chief of Defence Staff (CDS), General Jagath Ja ...
Source: Sri Lanka Ministry of Defense   Full article at: Sri Lanka Ministry of Defense
 

 
Update
10

3 weeks ago

Taliban group threatens to attack India following border blast

Nov 5 2014 12:03am CST | Source: Townhall's

By Maria Golovnina ISLAMABAD (Reuters) - A Pakistani Taliban group behind this week's devastating suicide bombing on the Pa ...
Source: Townhall's   Full article at: Townhall's
 

 
Update
9

3 weeks ago

India moves warships away eastern port after terror warning

Nov 4 2014 12:03pm CST | Source: Townhall's

NEW DELHI (Reuters) - India's navy withdrew two warships from the eastern port of Kolkata on Tuesday after intelligence age ...
Source: Townhall's   Full article at: Townhall's
 

 
Update
8

3 weeks ago

Elections in India's capital likely in early 2015

Nov 4 2014 3:06am CST | Source: Townhall's

NEW DELHI (AP) — India's government has ordered that the capital's legislative assembly be dissolved so a new election can be he ...
Source: Townhall's   Full article at: Townhall's
 

 
Update
7

3 weeks ago

Spy agencies averted more deaths in Pakistan-India border bomb: sources

Nov 3 2014 5:10am CST | Source: Townhall's

By Aditya Kalra and Mubasher Bukhari WAGAH India/LAHORE Pakistan (Reuters) - Indian and Pakistani intelligence age ...
Source: Townhall's   Full article at: Townhall's
 

 
Update
5

3 weeks ago

India's Modi vows to bring back 'black money'

Nov 2 2014 1:31am CDT | Source: Townhall's

NEW DELHI (Reuters) - India's Prime Minister Narendra Modi said on Sunday he was committed to bring back funds illegally depos ...
Source: Townhall's   Full article at: Townhall's
 

 
Update
4

3 weeks ago

India's Modi urges speeding up of budget preparations

Nov 1 2014 12:08pm CDT | Source: Townhall's

NEW DELHI (Reuters) - India's Prime Minister Narendra Modi has asked all government departments to advance budget-related processes by thr ...
Source: Townhall's   Full article at: Townhall's
 

 
Update
3

3 weeks ago

Silicon Valley firm paid imported workers $1.21 per hour

Oct 31 2014 10:14pm CDT | Source: WND

(Endgadget) Ever heard of Electronics for Imaging? We hadn’t either until this morning, but it’s apparently a multimillion dollar, multinational, public corporation based out of Fremont, California. And the United States Department of Labor just caught EFI red-handed in an investigation, which found that “about eight employees” were flown in from India to work 120-hour weeks for $1.21 per hour. EFI apparently thought it wa ...
Source: WND  Full article at: WND
 

 
Update
2

4 weeks ago

India uncovers suspected plot to assassinate Bangladeshi PM: security officials

Oct 28 2014 9:52am CDT | Source: Townhall's

NEW DELHI (Reuters) - India's top counter-terrorism agency has uncovered a suspected plot by a banned militant group ...
Source: Townhall's   Full article at: Townhall's
 

 
Update
1

4 weeks ago

China's Xiaomi to set up India customer data center to deflect privacy concerns

Oct 27 2014 3:05am CDT | Source: Townhall's

MUMBAI (Reuters) - Chinese smartphone maker Xiaomi Inc said on Monday it plans to set up a data center in India next yea ...
Source: Townhall's   Full article at: Townhall's
 

 

Don't miss ...

 

blog comments powered by Disqus

Latest stories

Greek unions in second general strike this year
Athens, Nov 27 (IANS/EFE) Greece was hit Thursday by the second general strike in a year called by labour unions to protest government austerity policies which include public sector job cuts and labour law reform allowing easier firings.
 
 
Modi, Sharif bonhomie gives fresh boost to Saarc (Roundup)
Kathmandu, Nov 27 (IANS) In a final ice-breaking moment, that gave a huge boost to Saarc and floundering regional cooperation, Indian Prime Minister Narendra Modi shook hands with his Pakistani counterpart Nawaz Sharif, laughed and even patted him on the arm at the closing ceremony of the organisation's 18th summit here Thursday - to resounding applause from a relieved audience comprising leaders, diplomats and officials from the eight South Asian countries.
 
 
Now, flying robots to serve as waiters in Singapore
Singapore, Nov 27 (IANS) If you are planning to visit Singapore next year, don't be surprised if you were greeted and served a sumptuous meal by flying robots as waiters in some restaurants.
 
 
Four Afghans, one Briton killed in Kabul suicide attack
Kabul, Nov 27 (IANS/EFE) A British national and four Afghans were killed Thursday in a suicide attack on a British embassy vehicle in Kabul which left 34 others injured, officials said.
 
 
 

Latest from the Network

Modi, Sharif bonhomie gives fresh boost to Saarc (Roundup)
Kathmandu, Nov 27 (IANS) In a final ice-breaking moment, that gave a huge boost to Saarc and floundering regional cooperation, Indian Prime Minister Narendra Modi shook hands with his Pakistani counterpart Nawaz Sharif...
Read more on Politics Balla
 
Now, flying robots to serve as waiters in Singapore
Singapore, Nov 27 (IANS) If you are planning to visit Singapore next year, don't be surprised if you were greeted and served a sumptuous meal by flying robots as waiters in some restaurants. Infinium-Serve, the...
Read more on Politics Balla
 
Four Afghans, one Briton killed in Kabul suicide attack
Kabul, Nov 27 (IANS/EFE) A British national and four Afghans were killed Thursday in a suicide attack on a British embassy vehicle in Kabul which left 34 others injured, officials said. The attack occurred at 10.30 a....
Read more on Politics Balla
 
Badminton to continue testing of five-game scoring system
Kuala Lumpur, Nov 27 (IANS) The Badminton World Federation (BWF) Thursday decided to continue with the testing variations of the best of five games. "Following the recent BWF Council meeting in Lima, Peru, members...
Read more on Sport Balla
 
Two arrested in France for jihadi propaganda
Paris, Nov 27 (IANS) French police arrested a couple in Ain, central east France on charges of belonging to an alleged jihadi propaganda network, media reported on Thursday. A French man in his thirties, who converted...
Read more on Politics Balla
 
Japanese court rejects lawsuit against reopening two n-plants
Tokyo, Nov 27 (IANS/EFE) A Japanese court Thursday rejected a class action lawsuit filed by residents of the western prefecture of Shiga against reactivating offline nuclear power plants in Takahama and Oi. The ruling...
Read more on Politics Balla
 
SJVNL signs pact with Nepal for hydro-power plant
Kathmandu, Nov 27 (IANS) Indian public sector company Satluj Jal Vidyut Nigam Ltd. (SJVNL) has signed a project development agreement with the Nepal government for executing the 900 MW Arun-III Hydro Electric Project...
Read more on Business Balla
 
13 civilians killed by Ukrainian forces: Separatists
Moscow, Nov 27 (IANS/EFE) At least 13 civilians were killed in recent shelling by Ukrainian artillery in the eastern city of Donetsk controlled by pro-Russian separatists, the rebel command announced Thursday. A...
Read more on Politics Balla
 
Zambian police gear up for presidential election
Lusaka, Nov 27 (IANS) Police in Zambia have stepped up measures to ensure peace ahead of a presidential election scheduled for Jan 20, a top official said Thursday. Stella Libongani, the inspector general of Zambia...
Read more on Politics Balla
 
Hong Kong students threaten to occupy government buildings
Hong Kong, Nov 27 (IANS/EFE) Students participating in the pro-democracy demonstrations in Hong Kong threatened Thursday to attack government buildings following a night of clashes that occurred just hours after the...
Read more on Politics Balla