Many were hoping that some 'substantial conclusion' to the years-long negotiations over the 16-member Regional Comprehensive Economic Partnership would be reached in Bangkok.
If all 16 countries come together to form a trading bloc, it would cover about a third of the world's gross domestic product and provide new market access for goods and services as well as investment opportunities for companies.
India is worried that the agreement, which requires the gradual elimination of tariffs, will open up the country's domestic markets to a flood of cheap Chinese goods and agricultural produce from Australia and New Zealand that will harm its local producers.did not mention the ongoing RCEP negotiations. Instead, he spoke about the ASEAN-India partnership and the decision to review his country's trade agreement with the bloc.
Some consider RCEP to be a less restrictive version of the now-defunct U.S.-led Trans-Pacific Partnership. The U.S. pulled out of the 12-member TPP in January 2017. As much as we'd like to see RCEP done, we'd like to see our administration focus on getting deals done for the United States.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Dollar dozes in Asia, euro waits on Lagarde speechMajor currencies started the week in a quiet mood with a holiday in Tokyo making...
Weiterlesen »
Ricky Gervais gets huge backlash after saying he'd dress up as trans womanRicky, 58, said he'd be Jessica Yaniv, who he called 'weird and creepy' before tweeting an unflattering photo of her
Weiterlesen »
NASCAR notebook: Several playoff hopes take huge hitsFORT WORTH, Texas - After another disaster on the race track, Chase Elliott has ...
Weiterlesen »
Rob Kardashian unveils huge weight loss in first public appearance for 17 monthsThe brother of the Kardashian sisters has shunned the spotlight in recent years - even skipping Kim Kardashian's wedding to Kanye West
Weiterlesen »
California governor says if PG&E doesn't get itself out of bankruptcy the state could take it overThe state of California could take over Pacific Gas and Electric if the utility company does not pull itself out of bankruptcy by June 2020, California Gov. Gavin Newsom said Friday.
Weiterlesen »
Southeast Asian leaders meet FIFA chief amid World Cup bid talksSoutheast Asian countries signed a deal with soccer's global governing body...
Weiterlesen »