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FOUND: Rcep | Mind Blowing Facts

Chinese tech, investments welcome, but trade opening needs caution: CII President

Chinese investments and technology are welcome in India, but a cautious approach is needed for trade, according to CII President R Mukundan. He emphasized reducing import dependence on China and boosting domestic manufacturing. Mukundan also highlighted potential collaborations in battery storage and semiconductor chemicals. Regarding the US, he stressed the…

The Economic Times

India’s 'China-plus-one' push needs tax ease and fast-track FTAs with developed nations: Arvind Virmani

India must reform its tax system and streamline clearances to attract global investments moving away from China. Economist Arvind Virmani emphasizes prioritizing Free Trade Agreements with developed nations. This strategy aims to integrate India into global value chains. The focus is on leveraging India's growing workforce and market potential alongside…

The Economic Times

Sri Lanka, Bangladesh mull over joining RCEP bloc

Sri Lanka, Bangladesh eye RCEP membership: Four years after India's exit, neighbours consider joining 15-nation trading bloc. Sri Lanka has applied, Bangladesh to decide after elections. Joining RCEP would take them out of subcontinental trade, enable access to Asian economies. India's neighbours joining RCEP a "development of concern" for India.…

The Hindu

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UAC sells 70% share to Italy's Icap-Sira

UAC Global Plc, a chemical trader and clean power operator, is steering away from its chemical business by selling a 70% share, worth 101.2 million baht, in its UAC Advance Polymer and Chemical Co to an Italian firm expanding its business into Asean.

Bangkok Post

UAC Global moving away from chemicals

Bangkok Post

India overcomes leadership limitations

If anything, the outcome of the G20 foreign ministerial meeting was a good barometer of the true nature of India's potential as a global power. On its own turf, it still was not able to garner support from all the G20 members to agree on the joint ministerial statement last…

Bangkok Post

Prospects await in 'land of diversity'

India is set to become the world's most populous nation this year, overtaking China, according to the latest UN report on the global population.

Bangkok Post

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Regional Trade Pact RCEP Takes Effect for Indonesia

With the Southeast Asian country on board, the trade deal has entered into force for 14 of the 15 participating countries

Caixin Global

Indonesia takes 2023 Asean chair

Indonesia's 2023 chairmanship for Asean officially started earlier this month as Cambodian Prime Minister Hun Sen symbolically handed over the hammer to Indonesian President Joko Widodo in Phnom Penh.

Bangkok Post

Hong Kong set for Asean cooperation and entry into RCEP

Hong Kong is set to gain early admission into the Regional Comprehensive Economic Partnership (RCEP), city leader John Lee Ka-chiu has said as he expressed confidence the city would bring "enormous value" to the free-trade grouping and revealed that member states of the Association of Southeast Asian Nations (Asean) supported…

Bangkok Post

Geopolitics without geoeconomics, a fool’s errand

India’s current policy of pursuing geopolitical ends without geoeconomic ballast is a regressive step

The Hindu

BJC chief upbeat on Belt and Road link

Aswin Techajareonvikul, chief executive and president of Berli Jucker Plc (BJC), represented Southeast Asia as a business leader at the 7th Belt and Road Summit.

Bangkok Post

Indonesia parliament approves membership of China-backed regional trade deal

JAKARTA: Indonesia's parliament on Tuesday passed a law cementing the country's membership of the China-backed Regional Comprehensive Economic Partnership (RCEP), making it the latest Southeast Asian nation to join the world's biggest trade bloc.

Bangkok Post

Cambodia attracts $1.29bn investment from China in H1 of 2022

PHNOM PENH: Cambodia attracted fixed-asset investment of US$1.29 billion from China in the first half of 2022, according to a report from the Council for the Development of Cambodia on Saturday.

Bangkok Post

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The Hindu

Caution and clarity: On the U.S.-led Indo-Pacific Economic Framework for Prosperity

The IPEF in its nascence relies more on promise than prospect of tangible outcomes

Al Jazeera

‘Difficult to believe’: Biden’s economy plan a tough sell in Asia

US president’s arrival in Seoul will mark start of effort to promote new Indo-Pacific Economic Framework in region.

Caixin Global

Opinion: Three Ways China-West Economic Ties Could Play Out Post-Pandemic

An entangled economic relationship will become a norm, with some decoupling and recoupling depending on the sector

Reuters

Malaysia touts trade access as U.S. Indo-Pacific plan only a 'good beginning' -trade chief

Malaysia views U.S. President Joe Biden's proposed Indo-Pacific economic bloc as a welcome initiative but sees a bigger immediate opportunity in selling its access to a China-led trade pact to lure investment from global companies, Malaysia's trade minister said on Friday.

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Bangkok Post

Challenges for Asean

Over two years after the coronavirus emerged, countries across Asia are slowly beginning to recover. In Southeast Asia, economic growth is projected to pick up to 5.1% this year, from 3.2% in 2021. With 400 million people, or 59% of the population, fully vaccinated, many economies are well on the…

Bangkok Post

Asean needs a forward-looking trade agreement

In 2009, against the worst global economic crisis since the Great Depression, the Association of Southeast Asian Nations (Asean) signed the Asean Trade in Goods Agreement (Atiga) furthering its commitment to open and integrated regional trade. On March 16, against the Covid-19 pandemic and rising geopolitical crises, Asean economic ministers…

The Hindu

Japan still hopes India will re-join RCEP: Japan Cabinet official Noriyuki Shikata

Senior Kishida Cabinet official says India-Japan collaborations may suffer higher tariffs in Asia if India stays out

Bangkok Post

Malaysia: RCEP regional trade pact comes into force

KUALA LUMPUR: The Regional Comprehensive Economic Partnership (RCEP) free trade agreement has entered into force in Malaysia from Friday, Malaysia's Ministry of International Trade and Industry said.

Bangkok Post

Asean economic ministers optimistic on upgrading pacts

The Asean Economic Ministers (AEM) group wants to upgrade existing free trade agreements (FTAs) and accelerate the enforcement of the Regional Comprehensive Economic Partnership (RCEP) trade pact among all members, aiming to revive the regional economy amid the Covid-19 crisis.

Bangkok Post

Hong Kong applies to join RCEP trade agreement

Hong Kong has submitted an application to join the 15-member Regional Comprehensive Economic Partnership agreement, a mega trade agreement involving countries such as Thailand, Japan and South Korea, the government said on Wednesday.

Bangkok Post

Loan matching aids SMEs with exports

The Commerce Ministry has teamed up with the Export-Import Bank of Thailand (Exim Bank) and the Thai Credit Guarantee Corporation (TCG) to establish a loan matching scheme for export-oriented small and medium-sized enterprises (SMEs) to leverage the Regional Comprehensive Economic Partnership (RCEP) trade pact that started earlier this year.

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