The stated objective of the regional comprehensive economic partnership (RCEP) agreement under negotiation is to integrate ASEAN countries and its bilateral free trade partners — Australia, China, India, Japan, New Zealand and South Korea— into a mega regional free trade…
Given that ASEAN, South Korea and Japan are already India’s FTA partners, the ongoing Regional Comprehensive Economic Cooperation (RCEP) negotiations will primarily add China as well as Australia and New Zealand as new free trade partners for India. Australia and…
In the past decade, talk of “currency manipulation” has become a frequent trope in discussions of international trade. Much of this stems from the US government’s aggressive position on the bilateral trade deficits the US has with several countries, and…
The tariff war with China unleashed more than a year back by the Trump administration threatens to turn into full-fledged economic war. The US claims that China is engaging in unfair trade practices and adopting coercive measures against US firms,…
World trade is in deceleration mode. After having recovered smartly from 2.3 and 1.6 per cent in 2015 and 2016 to 4.6 per cent in 2017, the growth in the volume of world merchandise trade slowed to 3.0 per cent…
As if all the bad news from the domestic economy were not enough, foreign trade data suggest worrisome trends on the external front as well. The latest report of monthly trade data from the Ministry of Commerce and Industry indicates…
On May 2, the Trump administration brought to an end the waiver the US had granted eight countries, including India, of sanctions on imports of oil from Iran. Having pulled out of the 2015 multi-country agreement with Iran to limit…
Just before the Global Financial Crisis more than a decade ago, China had emerged as the most significant trading partner for a majority of the world’s economies. Since then, it has had even more significant impacts on global exports and…
At first sight it appears to be an enigma. India has been recording according to official statistics one of the highest GDP growth rates among all the countries of the world, so much so that epithets like “emerging economic superpower”…
India’s external account has once again emerged as a source of concern, as the current account deficit widened to reach 2.4 per cent of GDP over April-June 2018. This increase was driven entirely by the trade deficit, which grew rapidly…
