Although India pulled out at the last minute, China and 14 other countries agree...
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.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
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
Consulte Mais informação »
Asia-wide trade pact on course despite India, Thailand saysThailand said on Monday that Asian countries had held conclusive talks on what c...
Consulte Mais informação »
China, SE Asian states push trade pact despite India doubtsLeaders from China and Southeast Asia states called for swift agreement on what ...
Consulte Mais informação »
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.
Consulte Mais informação »
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
Consulte Mais informação »