Quick Takes

Quick Take: RCEP

As the ASEAN summit starts today, Indian trade negotiators are seeking to wrap up the 25 chapters of the Regional Comprehensive Economic Partnership (RCEP). The RCEP is a proposed free trade agreement that would include 45% of the world’s population, and 40% of the world’s trade. A breakthrough in the RCEP would be a marked win for trade liberalisation at a time where rising tariffs spurred by nationalism are increasingly becoming the norm. However, political resistance still remains within India,…

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Quick Take: USA-India trade dispute

Ahead of a meeting with Piyush Goyal last Thursday, US commerce secretary Wilbur Ross has said India needs ”decisive action” for a trade deal with the US. The two countries have been in a trade dispute for many months, the US removing India from the generalised system of preferences (GSP), citing unequal access to the Indian market for US exporters. In retaliation, India has imposed tariffs on 28 US products. A trade deal between the two nations would be of…

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Quick take: Trump takes on Turkey ?

Turkeys largest imports by Nation President Trump threatened on Monday to “obliterate” Turkey’s economy if the country goes “off limits”. This comes after he tweeted his decision to withdraw US troops from northern Syria, effectively giving Turkey the green light to attack the Kurdish fighters that the Erdogan regime views as terrorists. Imposing sanctions would likely push Turkey yet closer to Russia and China, its first and third largest sources of imports ahead of the US, which comes in fifth.…

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