BANGKOK - Although India pulled out at the last minute, China and 14 other countries agreed in Bangkok this week on plans for what could become the world’s biggest trade agreement - the Regional Comprehensive Economic Partnership .
Its backers say that just as importantly it will let companies export the same product anywhere within the bloc without having to meet separate requirements and fill out separate paperwork for each country. Tariffs are agreed between countries rather than across the board. For some countries, sensitive issues such as agriculture won’t be touched. It lacks provisions for liberalising state enterprises or protecting workers and the environment.Even once signed, implementation would take months to start and years to complete. The complexity makes precise calculations hard, economists say.
India’s biggest concern is a wave of cheap goods from China and elsewhere. For other countries, losing India means they won’t access a market that is notoriously hard to get into, but also they won’t be able to include India as easily in supply chains.
Eastern Asian, India simply not there...
India behaving like U.S! In a globalized world being a loner is bad. We are all brothers & sisters. That is what Gandhi would say if alive now. Let us not forget Gandhi a Gujerati united disparate Indians under one India against British empire.
Thank you.
문재앙 이 새끼는 어디 갔나
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
India pulls out of a big proposed regional trade dealThe East Asia Summit was envisaged as a forum where such disputes could be at least managed—if not resolved This is big. USA should pivot away from business w/China and toward business w/India! Hmmmmm Modi was just in Houston; only God knows why mandated by the USA, surely
Source: TheEconomist - 🏆 6. / 92 Read more »
Asia-wide trade pact on course despite India, Thailand saysThailand said on Monday that Asian countries had held conclusive talks on what c... No Dudirty? Signing’s 2020. ASEAN countries.. no need to commit. Your voters will definitely have a big say between now & then. Also China’s economy might not be a great partner by 2020. Most of the leaders of the member countries of the Association of Southeast Asian Nations (ASEAN) ignored the US summit on Monday, only Thai Prime Minister Prayut Chan-Och arrived, who is the chairman of the organization in 2019, the heads of government of Vietnam and Laos
Source: Reuters - 🏆 2. / 97 Read more »
China, SE Asian states push trade pact despite India doubtsLeaders from China and Southeast Asia states called for swift agreement on what ... ❤️Dearly Beloved❤️, do you know what great lessons can be learned from the true origin of humans? This book will help you discover more about the first human story in the Bible: $2.99 RT if you already downloaded it. When India makes last moment demands it means a NO. Great China, fake Reuters news
Source: Reuters - 🏆 2. / 97 Read more »
India says no to joining huge Asia Pacific trade pactThe deal would form a major trading bloc involving the region's top economies and cover nearly a third of the world's GDP. Well we cant all be smart.
Source: CNBC - 🏆 12. / 72 Read more »
Grenade blast in India-administered Kashmir kills one, inures 25At least one person killed and 25 others injured in grenade attack in India-administered Kashmir's main city of Srinagar
Source: trtworld - 🏆 101. / 63 Read more »