JAPAN APPROVES RATIFICATION OF THE WORLD’S LARGEST FREE TRADE BILL

Highlights –

• Japan approves ratification of the world’s largest free trade bill.
• The trade deal was signed last year by 15 Asia-Pacific countries including China.
• The trade deal is said to eliminate tariffs on 91 percent of good...

IN ORDER TO REVIVE THE ECONOMY, IMPORT TARIFF MUST GO SAYS ARVIND PANAGARIYA

Highlights

• In the last three years, India has imposed import tariffs on most of the products

• Arvind Panagariya also predicted greater globalisation in terms of integration of labour markets after the coronavirus pandemic

• India is likely to sign t...

The threat to agriculture from RCEP has stopped, but that does not solve the problems of the sector

The run-up to last week's RCEP leadership summit in Bangkok was really amazing. While both left-wing and right-wing farmers and trade union activists opposed India signing the RCEP, the government seemed to be in two minds.

Nonetheless, senior ministers were reluctant to take a clea...

RCEP deals in hiccups over Chemical industries "Rule of Origin"

The prime minister of India is on a visit to the country along with many other heads of states and delegates for the Regional Comprehensive Economic Partnership (RCEP) where the trade deal which has been in the pipeline for some time now has been put up for consideration of acceptance for the mem...

FSRU demand sees a surge

The growth in the power-hungry nature of Asia pacific has been tallied upon in various talks across the globe, whether be it in the consultation stages of world economic forum in Bravos, or the strategic RCEP talks amongst the member nations of Asia Pacific region.

This has, in turn, le...