{"id":36011,"date":"2018-11-01T13:07:25","date_gmt":"2018-11-01T07:37:25","guid":{"rendered":"https:\/\/blog.forumias.com\/?p=36011"},"modified":"2018-11-01T13:07:25","modified_gmt":"2018-11-01T07:37:25","slug":"forum-concerned-at-secret-rcep-talks","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/forum-concerned-at-secret-rcep-talks\/","title":{"rendered":"Forum concerned at \u2018secret\u2019 RCEP talks:"},"content":{"rendered":"<p><span style=\"color: #000000;\"><a href=\"http:\/\/www.thehindu.com\/todays-paper\/tp-national\/forum-concerned-at-secret-rcep-talks\/article19338981.ece\"><span style=\"font-weight: 400;\">Forum concerned at \u2018secret\u2019 RCEP talks<\/span><\/a><span style=\"font-weight: 400;\">:<\/span><\/span><\/p>\n<p><span style=\"color: #000000;\">(RCEP mega FTA talk to be held in India)<\/span><\/p>\n<p><span style=\"color: #000000;\"><b>Context:<\/b><\/span> <span style=\"font-weight: 400; color: #000000;\">Talks to forge a mega free trade agreement (FTA) encompassing Asia and Oceania will take place in India this week with countries striving for an early settlement of the accord, the government said on Sunday.<\/span> <b><\/b><\/p>\n<p><span style=\"color: #000000;\"><b>Introduction:<\/b><\/span><\/p>\n<ul>\n<li><span style=\"color: #000000;\"> <span style=\"font-weight: 400;\">Civil society organizations and trade experts on Sunday raised concern over the secrecy surrounding the negotiations regarding a proposed mega-regional Free Trade Agreeement (FTA) involving 16 Asia Pacific nations including India and China.<\/span><\/span><\/li>\n<li><span style=\"color: #000000;\"> <span style=\"font-weight: 400;\">Technical level talks of the proposed FTA, officially known as Regional Comprehensive Economic Partnerships (RCEP), are being held from July 18 to 28 at the Hyderabad International Convention Centre.<\/span><\/span><\/li>\n<li><span style=\"color: #000000;\"> <span style=\"font-weight: 400;\">The 19<\/span><span style=\"font-weight: 400;\">th<\/span><span style=\"font-weight: 400;\"> round of negotiations on the proposed Regional Comprehensive Economic Partnership (RCEP), began in Hyderabad.<\/span><\/span><\/li>\n<\/ul>\n<p><span style=\"color: #000000;\"><b>Key points:<\/b><\/span><\/p>\n<ul>\n<li><span style=\"color: #000000;\"> <span style=\"font-weight: 400;\">The RCEP, aims to liberalise investment norms as well as boost trade by eliminating\/drastically reducing import duties on goods and bringing down \u2018barriers\u2019 in the service sector.<\/span><\/span><\/li>\n<li><span style=\"color: #000000;\"> <span style=\"font-weight: 400;\">The 16 nations account for a combined GDP of close to $ 50 tillion( about 40% of the world\u2019s GDP) and are home to around 3.5 billion people<\/span><\/span><\/li>\n<li><span style=\"color: #000000;\"> <span style=\"font-weight: 400;\">The RCEP would have a wide range impact on agriculture, services, access to medicine, investment and e-commerce.<\/span><\/span><\/li>\n<\/ul>\n<p><span style=\"color: #000000;\"><b>RCEP in India:<\/b><\/span><\/p>\n<ul>\n<li><span style=\"color: #000000;\"><span style=\"font-weight: 400;\">RCEP involves the Association of Southeast Asian Nations, South Korea, Japan, China, India, Australia and New Zealand, with the emphasis centered on facilitating open trade without tariffs, duties and quotas that can stimulate commerce and benefit all sides.<\/span><\/span><\/li>\n<li><span style=\"color: #000000;\"><span style=\"font-weight: 400;\">The current round of negotiations is crucial as members are expected to finalise the broad contours of the agreement.<\/span><\/span><\/li>\n<li><span style=\"color: #000000;\"><span style=\"font-weight: 400;\">It will include members making their second round of offers on tariff reduction on goods, nations deciding on investment rules, as well as India going against ASEAN and China on market access for the services trade.<\/span><\/span><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Forum concerned at \u2018secret\u2019 RCEP talks: (RCEP mega FTA talk to be held in India) Context: Talks to forge a mega free trade agreement (FTA) encompassing Asia and Oceania will take place in India this week with countries striving for an early settlement of the accord, the government said on Sunday. Introduction: Civil society organizations&hellip; <a class=\"more-link\" href=\"https:\/\/forumias.com\/blog\/forum-concerned-at-secret-rcep-talks\/\">Continue reading <span class=\"screen-reader-text\">Forum concerned at \u2018secret\u2019 RCEP talks:<\/span><\/a><\/p>\n","protected":false},"author":61,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[555],"tags":[],"class_list":["post-36011","post","type-post","status-publish","format-standard","hentry","category-test-1","entry"],"jetpack_featured_media_url":"","views":{"total":0,"cached_at":1700801909,"cached_date":1703764473},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/36011","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/61"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=36011"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/36011\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=36011"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=36011"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=36011"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}