Diplomacyindia.com


100 plus consultations held on RCEP in 6 year

100 plus consultations held on RCEP in 6 year
August 25
20:54 2019

New Delhi, Aug 24 (IANS) The central government has held over 100 consultations with stakeholders on the proposed Regional Comprehensive Economic Partnership (RCEP), in the last six years.

According to the Ministry of Commerce & Industry, consultations were held to seek industry inputs for formulating India’s interests in a wide spectrum of the economy, including agriculture, chemicals, petrochemicals, pharmaceuticals, plastics, textiles, ferrous and nonferrous metals, automobiles and machinery.

The RCEP, the mega trade partnership, is a proposed free-trade agreement (FTA) between 10 member states (Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand and Vietnam) of the Association of Southeast Asian Nations (ASEAN) and its six FTA partners (China, Japan, India, South Korea, Australia and New Zealand).

The RCEP negotiations began in November 2012 in Cambodia.

Accordingly, the Commerce Department has recieved industry feedback in the areas of “rules of origin, sanitary and phytosanitary, and technical barriers to trade, anti-dumping, countervailing duties, safeguards measures and intellectual property rights (IPR)”.

“The consultations, in recent times, also included interactions with stakeholders under the guidance of Minister for Commerce and Industry & Railways, Piyush Goyal,” the ministry said in a statement.

“State governments are also important stakeholders in these negotiations. Recognising this, the Commerce Secretaries have held regular engagements with the Chief Secretaries and other officials of states on various aspects of RCEP to make them aware of the developments and encouraged to further interact with industry and other stakeholders,” it said.

In 2017, the prospective RCEP member states accounted for 3.4 billion people with a gross domestic product (GDP at purchasing power parity) of $49.5 trillion, 39 per cent of the global GDP. The combined GDPs of India and China accounted for more than half of that.

Tags
Share

Related Articles

0 Comments

No Comments Yet!

There are no comments at the moment, do you want to add one?

Write a comment

Write a Comment

Your email address will not be published.
Required fields are marked *

Social Icons

Diplomacyindia.com Video Interview with Shri Dnyaneshwar M. Mulay Secretary (CPV & OIA), Ministry of External Affairs speaking on an eventful journey of Indian Passport through its serveral phases, fast expanding network of passport seva kendras, evergrowing numbers, citizen centric service & new Initiatives

Diplomacyindia.com Video Interview with Shri Dnyaneshwar M. Mulay Secretary (CPV & OIA), Ministry of External Affairs speaking on safety & security features of the passport documents in an era of digitalisation his cherished moments & milestones as “Passport Man” of India tranforming the entire passport landscape.

Diplomacyindia.com Video Interview : Mrs. Reva Ganguly Das (IFS) Director General, Indian Council of Cultural Relations Speaking on Yoga Day Celebrations

Exclusive Interview to Diplomacyindia.com with Shri Upendra Tripathi, IAS Interim DG, International Solar Alliance (ISA) speaking on the journey of ISA so far, guiding principles, vision & priority areas & programmes for ISA.

Exclusive Interview to Diplomacyindia.com with Shri Upendra Tripathi, IAS Interim DG, International Solar Alliance (ISA) speaking on expanding rank of international solar alliance & opening the membership to the countries beyond tropics.

Diplomacyindia.com Exclusive Interview with Ambassador of Slovenia to India, H.E. Mr. Jozef Drofenik speaking on Bilateral Relations and Trade between India and Slovenia

Diplomacyindia.com Exclusive Interview with Ambassador of Slovenia to India, H. E. Mr. Jozef Drofenik speaking on Tourism in Slovenia

Pictures of Formal Launch of Website Diplomacyindia.com

Knowledge Partner

Exclusive Interview with Prime Minister of Guyana, H.E. Mr. Moses Veerasammy Nagamootoo during his recent visit to India.Highlights of the interview were Indian Cultural Connect, Vibrant Bilateral Ties and Cultural Connect and India’s Economic Prowess.

Video Message from Shri Prakash Javadekar, MoS (IC) for Forest, Environment & Climate Change on eve of Formal Launch of Website Diplomacyindia.com

Message from Gen. V K Singh, (Retd.) Hon’ble MoS, External Affairs to Diplomacyindia.com

WP2Social Auto Publish Powered By : XYZScripts.com