Search result for RCEP
World’s largest trade deal to make a difference in Singapore
Highlights:
- A mega trade agreement signed by 15 countries
The Regional Comprehensive Economic Partnership ( RCEP) , is a mega trade agreement which is signed by 15 countries and came into effect on Jan. 1
The RCEP is a high-quality and mutually b...
The Ratification of RCEP and its Implications
The Regional Comprehensive Economic Partnership (RCEP) agreement on trade will be signed on 1st January 2022. The agreement is historic as it will not only be the first multilateral trade agreement of China but also the largest free trade agreement to ever happen in the world. Another interesting...
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...
JAPAN LIKELY TO EQUIP LONG-RANGE STANDOFF MISSILES IN TWO NEW AEGIS VESSELS
Highlights –
- Japan likely to equip long-range standoff missiles in two new Aegis vessels.
- The Cabinet Office on Friday approved the building of the two new vessels.
- The vessels are expected to take around eight years to be constructe...
JAPAN GOVERNMENT DEFENSE BUDGET TO BE AROUND $51.5 BILLION FOR FISCAL 2021
Highlights –
- Japan government's defense budget to be around $51.5 billion for fiscal 2021.
- The general account budget is said to top 100 trillion yen for the 3rd year straight.
- The Cabinet Office is expected to approve the draft b...
BUILDING OF NEW AEGIS SHIPS TO GET ITS APPROVAL FROM THE JAPANESE CABINET
Highlights –
- Building of new Aegis ships to get its approval from the Japanese Cabinet.
- The plan will replace the land-based missile interceptor system.
- The plan is expected to be given the nod as early as mid-December.
- The...
LDP DEFENSE POLICYMAKERS SHOW SUPPORT TO BUILD NEW AEGIS SHIPS
Highlights –
- LDP defense policymakers show support to build new Aegis ships.
- The Japanese government has been seeking three off-shore alternative options.
- Reportedly, the ships are expected to install functions to counter cruise missi...
THE NEW AEGIS SHORE SHIP WILL COST OVER 500 BILLION YEN FOR JAPAN TO BUILD
Highlights –
- The new Aegis Shore ship will cost over 500 billion yen for Japan to build.
- The new plan is more expensive than the scrapped land-based interception system.
- Japan plans to build two advanced Aegis destroyers.
- T...
RCEP BLOC LARGEST IN WORLD SETUP WITH FIFTEEN NATIONS
HIGHLIGHTS
- Fifteen nations together have created the unique trading Bloc, covering almost 33% of the worldwide economy
The Regional Comprehensive Economic Partnership (RCEP) is comprised of 10 Southeast Asian nations, just like South Korea, Chi...
JAPAN AND THE U.S PUSH AHEAD WITH AEGIS ASHORE MISSILE INTERCEPTION SYSTEM
Highlights –
- Japan and the U.S push ahead with Aegis Ashore missile interception system.
- Japanese Defense Minister had talks with the U.S counterpart for the same.
- Japan is examining three sea-based plans for the missile interception...
SK TO ROLL-OUT HOME-GROWN DEFENSE SYSTEMS THWARTING NK AGGRESSION
- South Korea has drawn a plan to develop its own interceptor system like Israel's Iron Dome in the next five years to defend the country's ingrained infrastructure in Seoul against North Korea's potent long-range artillery threats, the defense ministry said Monday.
- U...
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...
Asian summit could prove bad for China
The world is always having some summit at someplace that is changing the way the world works and hoe the politics and trades are affected due to that. The nations at the summits hope to work out the best possible deals for the nations involved, and this mostly comes out positive. There is a backs...
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...