Before the trade summit, India fights for a fair and transparent business environment
NEW DELHI: before the prime minister Narendra Modi Bangkok visit to Asean, East Asia and RCEP Summits , the government said Thursday that it only wanted to participate in a fair and transparent business environment when the RCEP agreement of 16 nations that is still being negotiated was reached.
There are some critical problems regarding RCEP that are still pending, the government said.
Efforts are being made to resolve this to provide a fair and transparent business environment. These issues are extremely important for our economy and the livelihood of our people, said MEA (east) secretary Vijay Thakur Singh, informing journalists about the prime minister's visit. .
We hope to have greater clarity in that regard after the ministerial talks and the RCEP summit, he added.
Negotiations to solve the pending problems at RCEP are taking place in Bangkok, he said, adding that leaders will review the status of negotiations at the summit.
the Regional Integral Economic Association (RCEP) comprises 10 members of the ASEAN group (Brunei, Cambodia, Indonesia, Malaysia, Myanmar, Singapore, Thailand, Philippines, Laos and Vietnam) and its six FTA partners: India, China, Japan, South Korea, Australia and New Zeeland
Se dice que the funcionarios indios han concluido las negociaciones para la mayoría de the 25 capítulos de RCEP, y el resto concluirá antes del 4 de noviembre, cuando el primer ministro Modi se unirá a the líderes del bloque de la Asociación de 10 Naciones del Sudeste Asiático y otros cinco países para cumbre.
Indian officials are narrowing the gaps during their negotiations, including adequate protection against cheap Chinese imports that are feared could flood the Indian market once the RCEP is concluded.