Insta
ASEAN Trade Ministers Meet Commerce Minister Piyush Goyal To Discuss Ways To Expedite Negotiations For RCEP Pact
RCEP negotiations are going on between ASEAN+6 countries (Source: ASEAN Website)
The trade ministers of Thailand and Indonesia and the Secretary-General of the 10-member ASEAN group called on the Commerce and Industry Minister Piysuh Goyal on Tuesday (9 July) in a bid to expedite the negotiations for the Regional Comprehensive Economic Partnership (RCEP) pact, reports Hindu BusinessLine.
The delegates built pressure on India to end its stalemate with China on the market opening offered under the proposed pact as India has been reluctant to offer substantial market access to Beijing.
“The troika from ASEAN countries that met Goyal was focussed on finding ways to move ahead in the negotiations so that the RCEP gets implemented in 2019,” a government official was quoted in the report as saying.
“The visitors were told that while India would do its best in fast-tracking its discussions with other members, including China, it couldn’t ignore the interests of its industry,” the official said.
It should be noted that india has already tentatively offered to eliminate duties on 74 per cent of the items from China, New Zealand and Australia under the RCEP framework. The tussle between China and India is on the Beijing’s demand that New Delhi should eliminate duties on more than 90 per cent of the items from the country.
Support Swarajya's 50 Ground Reports Project & Sponsor A Story
Every general election Swarajya does a 50 ground reports project.
Aimed only at serious readers and those who appreciate the nuances of political undercurrents, the project provides a sense of India's electoral landscape. As you know, these reports are produced after considerable investment of travel, time and effort on the ground.
This time too we've kicked off the project in style and have covered over 30 constituencies already. If you're someone who appreciates such work and have enjoyed our coverage please consider sponsoring a ground report for just Rs 2999 to Rs 19,999 - it goes a long way in helping us produce more quality reportage.
You can also back this project by becoming a subscriber for as little as Rs 999 - so do click on this links and choose a plan that suits you and back us.
Click below to contribute.
Latest
