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India was fiercely negotiating in the Regional Comprehensive Economic Partnership (RCEP) on the issues of its interest, which included trade deficit with China and greater mobility for Indian workers, among others. India has been accused of stalling the deal with last-minute demands, and being overtly protectionist in its stance before opting out of the mega trade deal. There are some facts that cannot be ignored, given the concerns and risks that would be faced by farmers, traders and small business enterprises from the likely reduction in tariffs and import surge.
MoreDuring their meeting Tuesday (Dec 24) in the southwestern Chinese city of Chengdu, leaders from South Korea, China and Japan endorsed an earlier decision by their trade ministers to accelerate negotiations on a trilateral free trade agreement.
MoreThe EU-Việt Nam Free Trade Agreement (EVFTA) will boost the demand for logistics services and significantly impact on Việt Nam's logistics industry.
MoreAfter nearly 18 months of tit-for-tat tariff increases, the United States and China have reached a “phase one” agreement to start de-escalating their trade war. As part of the deal, US President Donald Trump canceled further tariff increases on Chinese goods that had been scheduled to take effect on December 15, and halved a 15% tariff on $120 billion worth of imports from China. As for China, it shelved its planned retaliatory measures and committed to import some $50 billion worth of US agricultural products in each of the next two years.
MoreChina said Monday it will reduce tariffs Jan 1 on more than 850 foreign products including frozen pork, asthma medications and some high-tech components to spur economic development.
MoreThe trade ministers of China, Japan and South Korea pledged Sunday to step up their negotiations on a trilateral free trade agreement and a wider Asia-Pacific deal.
MoreWhat started as a spat with the European Union over Indonesian palm oil has escalated into a far broader trade dispute with imported European spirits and now dairy products caught in the crossfire.
MoreAs the UK prepares to leave the EU next year, the EU has made a commitment to agree and commit to a deal on the post-Brexit relationship by the end of 2020.
MoreThe fall of the World Trade Organization Appellate Body is an opportunity to rectify issues with the present system
MoreThe agricultural sector has surpassed many goals in 2019, it was reported at an online conference held by the Ministry of Agriculture and Rural Development in Hanoi on December 23.
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