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RCEP is a China club, best India stays out of it

India joined the negotiations in 2012 and continued to be part of them until the Bangkok meet. It was flexible in negotiations and made adjustments in pursuit of a comprehensive, fair and a balanced agreement. In the end, the final document did not meet any of the three parameters.
To deepen economic ties in the Indo-Pacific region and with RCEP members, India must become self-reliant(Mohd Zakir/HT PHOTO)
To deepen economic ties in the Indo-Pacific region and with RCEP members, India must become self-reliant(Mohd Zakir/HT PHOTO)
Updated on Nov 23, 2020 10:07 AM IST
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RCEP would have hurt India’s economy, FTA with EU not easy: S Jaishankar

The 10 member states of the Association of Southeast Asian Nations (Asean) and Australia, China, Japan, New Zealand and South Korea signed RCEP on Sunday
External Affairs Minister S Jaishankar said that a number of key concerns that India had flagged had not been addressed by RCEP.(REUTERS)
External Affairs Minister S Jaishankar said that a number of key concerns that India had flagged had not been addressed by RCEP.(REUTERS)
Updated on Nov 18, 2020 08:45 PM IST
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HIndustan Times, New Delhi | ByHT Correspondent

Prakash Javadekar takes jibe at Congress over stand on RCEP

In a tweet, Javadekar said internal contradiction and confusion in senior leadership of Congress on critical issues had been exposed on yet another issue-RCEP. He then referred to contradictory tweets by Congress leaders Anand Sharma and Jairam Ramesh tweets on India not joining the RCEP.
Union Minister and BJP leader Prakash Javadekar on Wednesday took a jibe at Congress party over its leaders stand on RCEP(PTI)
Union Minister and BJP leader Prakash Javadekar on Wednesday took a jibe at Congress party over its leaders stand on RCEP(PTI)
Published on Nov 18, 2020 02:17 PM IST
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New Delhi | ByAsian News International | Posted by Ayshee Bhaduri

India’s move on RCEP ill-advised, says Congress leader Anand Sharma

Congress president Sonia Gandhi had last year stated that signing the RCEP agreement will deal a “body blow” to the economy and result in “untold hardship” for farmers, shopkeepers and small enterprises
Congress leader Anand Sharma.(HT archive)
Congress leader Anand Sharma.(HT archive)
Updated on Nov 18, 2020 09:15 AM IST
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Hindustan Times, New Delhi | ByHT Correspondent | Edited by Smriti Sinha

RCEP deal that India didn’t join stands signed now. What’s next?

China has been taking the lead on RCEP for 8 years now since the Obama administration made plans for a TPP excluding China.
The signing of the pact was an unusual ceremony since all the member countries were connected by video(AP)
The signing of the pact was an unusual ceremony since all the member countries were connected by video(AP)
Published on Nov 16, 2020 07:09 PM IST
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Hindustan Times, New Delhi | Byhindustantimes.com | Edited by Ayshee Bhaduri

News updates from Hindustan Times: After India, Afghanistan rejects Pakistan’s so-called terror dossier and all the latest news

Here are today’s top news, analysis, and opinion at 1 PM. Know all about the latest news and other news updates from Hindustan Times.
Afghanistan has joined India in dismissing Pakistan’s so-called dossier on external forces sponsoring terrorism, with Kabul saying Islamabad should allow a UN-appointed delegation to verify the claims.(AP)
Afghanistan has joined India in dismissing Pakistan’s so-called dossier on external forces sponsoring terrorism, with Kabul saying Islamabad should allow a UN-appointed delegation to verify the claims.(AP)
Updated on Nov 16, 2020 01:06 PM IST
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Hindustan Times, New Delhi | Byhindustantimes.com

India will miss the bus to economic development by not joining RCEP: Chinese state media

Signed after eight years of negotiations, the RCEP has created the world’s largest trading bloc, aiming to boost the member nations’ economic growth that has been hit by the Covid-19 pandemic
This image made from a teleconference provided by the Vietnam News Agency shows the leaders and trade ministers of the RCEP countries posing for a virtual group photo.(AP/ FILE)
This image made from a teleconference provided by the Vietnam News Agency shows the leaders and trade ministers of the RCEP countries posing for a virtual group photo.(AP/ FILE)
Updated on Nov 16, 2020 04:21 PM IST
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Hindustan Times, Beijing | BySutirtho Patranobis

ASEAN, China, other partners set world’s biggest trade pact

The Regional Comprehensive Economic Partnership, or RCEP, is to be signed virtually on Sunday on the sidelines of the annual summit of the 10-nation Association of Southeast Asian Nations.
Vietnam's Prime Minister Nguyen Xuan Phuc attends the 11th ASEAN - UN summit, as part of the 37th ASEAN Summit in Hanoi.(Reuters)
Vietnam's Prime Minister Nguyen Xuan Phuc attends the 11th ASEAN - UN summit, as part of the 37th ASEAN Summit in Hanoi.(Reuters)
Updated on Nov 15, 2020 09:05 AM IST
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ByAssociated Press | Posted by Shivani Kumar

Jaishankar talks of RCEP, says it is important not to get into false choice on FTAs

Speaking at a discussion in India@75 Summit organised by CII, the minister said proponents of Free Trade Agreements make out as if that is the only vehicle to engage the world.
New Delhi, June 29 (ANI): EAM Dr S. Jaishankar attends the signing ceremony of Concession Agreement for 600 MW Kholongchhu JV-Hydroelectric Project in Bhutan, via video conference in New Delhi on Monday. This will lead to the commencement of construction of this first joint venture hydroelectric project between India and Bhutan. (ANI Photo)(ANI)
New Delhi, June 29 (ANI): EAM Dr S. Jaishankar attends the signing ceremony of Concession Agreement for 600 MW Kholongchhu JV-Hydroelectric Project in Bhutan, via video conference in New Delhi on Monday. This will lead to the commencement of construction of this first joint venture hydroelectric project between India and Bhutan. (ANI Photo)(ANI)
Updated on Aug 09, 2020 08:29 AM IST
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ByAsian News International | Posted by Shivani Kumar

Ball in RCEP states’ court, say officials

Speaking on condition of anonymity, the officials added that India will also weigh China’s stance on strategic issues such as its bid to join the Nuclear Suppliers Group (NSG) before making a decision.
New Zealand's Prime Minister Jacinda Ardern, India's Prime Minister Narendra Modi, Chinese Premier Li Keqiang and Thai Prime Minister Prayuth Chan-Ocha shake hands at the 3rd Regional Comprehensive Economic Partnership (RCEP) summit in Bangkok.(Reuters image)
New Zealand's Prime Minister Jacinda Ardern, India's Prime Minister Narendra Modi, Chinese Premier Li Keqiang and Thai Prime Minister Prayuth Chan-Ocha shake hands at the 3rd Regional Comprehensive Economic Partnership (RCEP) summit in Bangkok.(Reuters image)
Updated on Nov 23, 2019 01:42 AM IST
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Hindustan Times, New Delhi | ByRajeev Jayaswal and Rezaul H Laskar

India’s decision to stay out of RCEP ‘economic victory’, BJP lawmakers told

India on November 4 decided against joining the RCEP trade agreement as Modi told leaders of the other participating countries that the deal does not satisfactorily address New Delhi’s “outstanding issues and concerns”.
According to people privy to the discussions at the meeting, Union commerce, industry and railway minister Piyush Goyal gave a detailed account of why India chose not to join the 15-nation trade bloc.(Hindustan Times)
According to people privy to the discussions at the meeting, Union commerce, industry and railway minister Piyush Goyal gave a detailed account of why India chose not to join the 15-nation trade bloc.(Hindustan Times)
Updated on Nov 20, 2019 02:04 AM IST
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Hindustan Times, New Delhi | ByHT Correspondent

Rejecting RCEP was the easy part | HT Analysis

The world is moving towards high-quality free trade deals, and India must follow that path too
New Zealand's Prime Minister Jacinda Ardern, India's Prime Minister Narendra Modi, Chinese Premier Li Keqiang and Thai Prime Minister Prayuth Chan-Ocha shake hands at the 3rd Regional Comprehensive Economic Partnership (RCEP) summit in Bangkok, Thailand, November 4, 2019(REUTERS)
New Zealand's Prime Minister Jacinda Ardern, India's Prime Minister Narendra Modi, Chinese Premier Li Keqiang and Thai Prime Minister Prayuth Chan-Ocha shake hands at the 3rd Regional Comprehensive Economic Partnership (RCEP) summit in Bangkok, Thailand, November 4, 2019(REUTERS)
Published on Nov 10, 2019 07:05 PM IST
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ByMohan Kumar

Trade bodies praise Modi government’s decision

The deal was opposed by several sectors, including dairy farmers who were apprehensive about cheaper imports from Australia and New Zealand.
India Prime Minister Narendra Modi announced that India wouldn’t join the free trade agreement.(AP Photo)
India Prime Minister Narendra Modi announced that India wouldn’t join the free trade agreement.(AP Photo)
Updated on Nov 06, 2019 01:35 AM IST
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Hindustan Times, New Delhi | ByHT Correspondent

After refusing to join China-led trade deal, India supports talks with EU

Trade Minister Piyush Goyal said sectors such as gems, textiles and agriculture have pushed for a trade pact with the EU.
Piyush Goyal said India had put forward “strong demands” on services, investments leading to the prolonged negotiations for the RCEP. Image used for representation(Kunal Patil/HT photo)
Piyush Goyal said India had put forward “strong demands” on services, investments leading to the prolonged negotiations for the RCEP. Image used for representation(Kunal Patil/HT photo)
Updated on Nov 05, 2019 07:43 PM IST
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New Delhi | ByReuters

Moving on from the RCEP | HT editorial

Work on making both industry and economy more competitive
The important question for New Delhi to ask is: “What now?”(REUTERS)
The important question for New Delhi to ask is: “What now?”(REUTERS)
Updated on Nov 05, 2019 06:29 PM IST
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Hindustan Times | ByHT Correspondent

Will resolve outstanding issues raised by India for not joining RCEP:China

Prime Minister Narendra Modi on Monday conveyed India’s decision not to join the RCEP deal at a summit meeting of the 16-nation bloc, effectively wrecking its aim to create the world’s largest free trade area having half of the world’s population.
Prime Minister Narendra Modi, left, and Chinese Premier Li Keqiang pose for a group photo at The Regional Comprehensive Economic Partnership Association of Southeast Asian Nations (ASEAN) summit inThailand.(AP photo)
Prime Minister Narendra Modi, left, and Chinese Premier Li Keqiang pose for a group photo at The Regional Comprehensive Economic Partnership Association of Southeast Asian Nations (ASEAN) summit inThailand.(AP photo)
Updated on Nov 05, 2019 06:36 PM IST
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Beijing | ByPress Trust of India

RSS economic wing congratulates PM Modi for ‘bold decision’ on RCEP deal

The statement from the Swadeshi Jagran Manch (SJM), the economic wing of RSS comes after government sources said India has decided not to join RCEP and the PM stands firm on the decision as key concerns have not been addressed.
Prime Minister Narendra Modi attends the East Asia Summit (EAS) in Bangkok.(Reuters photo)
Prime Minister Narendra Modi attends the East Asia Summit (EAS) in Bangkok.(Reuters photo)
Updated on Jul 18, 2020 06:20 AM IST
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Hindustan Times, New Delhi | BySmriti Kak Ramachandran

‘Compounder operating on patient’: Congress on PM’s approach to RCEP trade deal

Mocking Centre, Ghulam Nabi Azad said that both RCEP and GST were schemes coined by the Congress and were in progress but the Modi government implemented it badly in haste.
Senior Congress leader Ghulam Nabi Azad with other leaders during a press conference after a meeting of some like-minded opposition parties, in New Delhi.(PTI photo)
Senior Congress leader Ghulam Nabi Azad with other leaders during a press conference after a meeting of some like-minded opposition parties, in New Delhi.(PTI photo)
Updated on Nov 04, 2019 09:11 PM IST
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New Delhi | ByAsian News International

India not ready to join RCEP trade deal, cites ‘outstanding issues’

India is welcome to join RCEP whenever it’s ready, Vice Foreign Minister Le Yucheng told reporters in Bangkok on Monday. Asian leaders had hoped to announce a breakthrough on the trade pact this week.
India has long been the main holdout on due to domestic opposition over worries it would be flooded by cheap goods from China. It made last-minute demands in the run-up to the Bangkok meetings that ended up derailing the talks. (Photo @BJP4India)
India has long been the main holdout on due to domestic opposition over worries it would be flooded by cheap goods from China. It made last-minute demands in the run-up to the Bangkok meetings that ended up derailing the talks. (Photo @BJP4India)
Updated on Jul 18, 2020 06:06 AM IST
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Bloomberg, Bangkok | ByNatnicha Chuwiruch

India, Thailand decide to boost defence cooperation

The MEA said Modi and Chan-o-cha reviewed the progress made in bilateral relationship and noted that frequent high level meetings and exchanges at all levels have created positive momentum in the relationship.
Both the leaders also discussed ways to enhance connectivity between the two countries, including in the areas of physical and digital spheres, the Ministry of External Affairs (MEA) said.(PMO India twitter)
Both the leaders also discussed ways to enhance connectivity between the two countries, including in the areas of physical and digital spheres, the Ministry of External Affairs (MEA) said.(PMO India twitter)
Updated on Nov 03, 2019 01:52 PM IST
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Bangkok | ByPress Trust of India

RCEP will deal body blow to economy: Sonia Gandhi

Sonia Gandhi accused Prime Minister Narendra Modi of being busy ‘managing headlines and events’ instead of acknowledging the ‘severe slowdown’ in the economy and looking for a comprehensive resolution.
Sonia Gandhi said signing the RCEP agreement will deal a body blow to economy.(ANI Photo)
Sonia Gandhi said signing the RCEP agreement will deal a body blow to economy.(ANI Photo)
Updated on Nov 03, 2019 02:43 AM IST
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Hindustan Times, New Delhi | ByHT Correspondent

Congress calls Opposition meeting on November 4 to firm up strategy for 10-day protest over economic slowdown

The meeting is meant to seek support for the Congress’s proposed 10-day nationwide agitation targeting the government over “economic slowdown, agrarian distress, unemployment and the proposed Regional Comprehensive Economic Partnership (RCEP) agreement”, news agency ANI reports.
Congress on Saturday called a meeting of all Opposition parties on November 4
Congress on Saturday called a meeting of all Opposition parties on November 4
Updated on Nov 02, 2019 02:54 PM IST
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New Delhi, Hindustan Times | ByHT Correspondent

Will see whether interests fully being accommodated in RCEP: Modi

In a statement before his departure, the prime minister said during the visit, he will also hold bilateral meetings with a number of other world leaders present at Bangkok for related summit meetings.
Prime Minister Narendra Modi is travelling to Bangkok to participate in the 16th ASEAN-India Summit on November 3.(PTI photo)
Prime Minister Narendra Modi is travelling to Bangkok to participate in the 16th ASEAN-India Summit on November 3.(PTI photo)
Updated on Nov 02, 2019 11:37 AM IST
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New Delhi | ByPress Trust of India

Congress announces nationwide protests from November 5 to 15 against Centre’s policies

Congress general secretary organisation K C Venugopal said in a statement that the protests against the BJP Government’s “misrule” would be carried out at all state capitals and district headquarters.
Congress K C Venugopal said in a statement that the protests against the BJP Government’s ‘misrule’ would be carried out at all state capitals and district headquarters from November 5 to 15.(Sanchit Khanna/HT PHOTO)
Congress K C Venugopal said in a statement that the protests against the BJP Government’s ‘misrule’ would be carried out at all state capitals and district headquarters from November 5 to 15.(Sanchit Khanna/HT PHOTO)
Published on Oct 30, 2019 05:38 PM IST
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New Delhi | ByPress Trust of India

Govt focusing on RCEP, not economy, says Congress

RCEP, a mega free trade agreement, is being negotiated among 10 ASEAN countries with their six free trade agreement (FTA) partners — India, China, Japan, South Korea, Australia and New Zealand. The proposed deal is expected to be finalised and signed by the next month.
Congress on Friday said it was opposed to the Narendra Modi government’s proposal on signing free trade agreement under the Regional Comprehensive Economic Partnership(Sanchit Khanna/HT PHOTO)
Congress on Friday said it was opposed to the Narendra Modi government’s proposal on signing free trade agreement under the Regional Comprehensive Economic Partnership(Sanchit Khanna/HT PHOTO)
Updated on Oct 26, 2019 01:31 AM IST
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New Delhi | ByHT Correspondent

Global or local: India’s dilemma on the RCEP

Delhi will have to sign the trade pact but must zealously guard its interests
The possible benefits include a potential entry into global supply chains, making manufacturing in India attractive for both domestic and foreign companies, and increased foreign direct investment flows.(Bloomberg)
The possible benefits include a potential entry into global supply chains, making manufacturing in India attractive for both domestic and foreign companies, and increased foreign direct investment flows.(Bloomberg)
Updated on Oct 08, 2019 06:59 PM IST
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RCEP deal may have pushed government to announce exports package

While steel, MSME, agriculture, and dairy industries have been vocal against the trade deal, pharmaceutical and cotton industries may benefit from the trade agreement.
Commerce ministry officials also feel that if India has to sign the deal.
Commerce ministry officials also feel that if India has to sign the deal.
Published on Sep 16, 2019 09:27 PM IST
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livemint, New Delhi | ByAsit Ranjan Mishra

India among world leaders expected to push for China-backed trade deal excluding US

World leaders, including China, Japan, India and other Asia-Pacific countries, will push for the rapid completion of a massive, China-backed trade deal that excludes the US at a summit this week, in a rebuke to rising protectionism and Donald Trump’s “America First” agenda.
Not only is the US absent from the deal, but Donald Trump is skipping the summit in Singapore.(NYT)
Not only is the US absent from the deal, but Donald Trump is skipping the summit in Singapore.(NYT)
Updated on Nov 11, 2018 11:22 AM IST
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Singapore | ByAgence France-Presse

Opting out of RCEP may push India on the margins of Asia

India cannot sustain an expanding political and security role in the Indo-Pacific with a shrinking economic role
Prime Minister Narendra Modi with his Japanese counterpart Shinzo Abe during the Regional Comprehensive Economic Partnership leaders’ meeting, in Manila.(PTI)
Prime Minister Narendra Modi with his Japanese counterpart Shinzo Abe during the Regional Comprehensive Economic Partnership leaders’ meeting, in Manila.(PTI)
Updated on Sep 05, 2018 07:27 PM IST
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ByShyam Saran
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Tuesday, November 30, 2021