Asian nations to ink big Chinese-backed trade deal on Nov. 15, covering around a third of the world's population

[mike2000 is back]

Political dispute is political dispute. Trade is trade.

1. East Asia developed because their wisdom. They put dispute aside, and focus on development and prosperity.
2. While ME and South Asia, especially India, mixed political dispute and trade together.
3. South Asian Association for Regional Cooperation (SAARC) is a dead horse.
4. India doesn't trade much with neither Pakistan nor Bangladesh.
5. India protectionism isolate India itself.

Jai Hind slogan only fool those Indians. Modi is no different from other leaders.

Modi leave RCEP is one of the biggest mistakes he made, but that's India, a lame duck.

Agree. South Asian countries seems to be living in another era.

 

[My-Analogous]

Japan, China, South Korea and 12 other Asia-Pacific countries on Wednesday wrapped up eight-year talks on a regional trade deal, setting the stage for their leaders' signing of the agreement that will cover around a third of the world's population, officials said.

The 15 members of the Regional Comprehensive Economic Partnership will sign the deal on Sunday without India, which has skipped all talks since late last year due to concern about an increase in trade deficits with China.

With the accord aimed at cutting tariffs and establishing common rules for trade, e-commerce and intellectual property, even without India, an economic bloc representing around a third of the world's gross domestic product will be created.

For Japan, it will be its first free trade deal that includes China, its biggest trading partner, and South Korea.

China has played an active role in realizing the RCEP as it was not part of the U.S.-led initiative to create another massive free trade pact, the Trans-Pacific Partnership.

In his opening remarks, Vietnam's trade minister Tran Tuan Anh, who chaired an online meeting, said the countries have reached the "finishing line" and thanked them for their efforts to conclude the long-running talks.

"All RCEP participating countries have concluded negotiations and will sign the RCEP agreement this Sunday," Malaysia's trade ministry said in a statement released following the ministerial meeting.

The remaining 15 RCEP members are set to make a special arrangement so that India can smoothly return to the pact in the future.

Japanese government sources said India will be exempted from a stipulation that RCEP signatories will not accept new entrants to the framework for a certain period of time.

India, which said in November last year it will not take part in further negotiations, has sought safeguards as it is wary that its domestic manufacturing and agricultural industries will take a hit by imports from China.

At the ministerial meeting, Japan's trade minister Hiroshi Kajiyama said the inclusion of India would be important even after the signing of the deal, according to an official.

In the envisioned agreement, Japan will retain tariffs on its five sensitive agricultural product categories -- rice, wheat, beef and pork, dairy products and sugar -- to protect domestic farmers from a potential influx of cheap imports, according to a draft of the pact.

Japan's tariff elimination rate on agricultural imports will be sharply lower than under Tokyo's trade pacts with the European Union and the 10 other members of the Trans-Pacific Partnership, the draft showed.

While the RCEP never included the United States, U.S. President Donald Trump withdrew the world's largest economy from negotiations on the original TPP in 2017 in pursuit of his "America First" policy.

RCEP groups Australia, China, India, Japan, New Zealand, South Korea, and the 10 members of ASEAN -- Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand and Vietnam.

Pakistan must join it too

 

[Indos]

How RCEP is going to be signed if China and Australia are at a trade war?

The cooperation IMO will just let China and Australia do whatever they want on their dispute as long as it doesnt spread to other members. That will be an isolated problem that will be tolerated. Any way in any trade agreement any nation still always has their own sovereignty.

 

[bshifter]

Pakistan must join it too

Eh, NO mike2000 already explained it why Pakistan isn't invited in the first place. South Asian countries are too poor and governments are uncapable. It is an East Asia-ASEAN-Pacific trade pact. India was initially invited due to the market size but Indian gov proved to be utterly useless so we have now moved on without India.

 

[Indos]

Agree. South Asian countries seems to be living in another era.

The main reason of cooperation is more about making an efficient value chain in the region to make the economy in the region become more efficient thus it will make them produce more to global market while in the same time consume more from their own region (Far East). India is too far from Far East Asian region production/trade center and so it is less likely India to become part of the region value chain.

 

[bshifter]

Dear mods,
@BHarwana ,@Horus ,@LeGenD
how long are you going to allow this nonsense to spam the forum? is it really worth it by upholding the right of freedom of speech of an imbecile at the cost of degrading the forum to a circus?

pls check all the post of this member, @Viva_Viet . Almost all his posts are repeating the same nonsense that does not have any reasonable connections to topic. it is either baseless or illogical, or both.

his recent two postings:
1. https://defence.pk/pdf/threads/chin...eady-to-sign-rcep.691050/page-3#post-12800695

Pakistan's stance on SCS has little to do with the RCEP membership.

2. https://defence.pk/pdf/threads/chin...eady-to-sign-rcep.691050/page-3#post-12800681

"hundred millions jobless Cnese" has been repeated in his posts more 100 times. It is baseless nonsense.

I am beginning to get the idea this forum administrators are protecting @Viva_Viet so he can continuously repeat unrelated and same old comments without consequences.

The cooperation IMO will just let China and Australia do whatever they want on their dispute as long as it doesnt spread to other members. That will be an isolated problem that will be tolerated. Any way in any trade agreement any nation still always has their own sovereignty.

Australia has no other choice but to agree leaving the recent China bans out in the discussion and join despite recent souring relation with China. If Aussie is going to cause delays like India did it will face an even harsher backlash from China. Smart move from Australia i say

 

[comci]

@Viva_Viet Is needed for comic relief at this forum. So far he has done an excellent job to achieve his goal of biggest clown ever.

 

[Viva_Viet]

Dear mods,
@BHarwana ,@Horus ,@LeGenD
how long are you going to allow this nonsense to spam the forum? is it really worth it by upholding the right of freedom of speech of an imbecile at the cost of degrading the forum to a circus?

pls check all the post of this member, @Viva_Viet . Almost all his posts are repeating the same nonsense that does not have any reasonable connections to topic. it is either baseless or illogical, or both.

his recent two postings:
1. https://defence.pk/pdf/threads/chin...eady-to-sign-rcep.691050/page-3#post-12800695

Pakistan's stance on SCS has little to do with the RCEP membership.

2. https://defence.pk/pdf/threads/chin...eady-to-sign-rcep.691050/page-3#post-12800681

"hundred millions jobless Cnese" has been repeated in his posts more 100 times. It is baseless nonsense.

ASEAN, Aussie, SK,JP dont want Pak join RCEP bcs Pak support CN ,then it against forum rules ??

Even CN also dont invite Pak to join RCEP while keep begging India to join to gain their market, u guys just want Pak remain poor and backward, and its my fault ??

Wow, its time for Pak to know the true face of "iron brother" China.

Hundred millions jobless Cnese is correct,link is here
"estimated at the end of March that the pandemic may have pushed 205 million Chinese workers into “frictional unemployment"

Why ‘Made in Vietnam’ won’t replace ‘Made in China’

Windows XP? Wow, that’s a blast from the past. All ATM in VN still use winXP,bro.I bet ATM in many countries still using winXP :D

defence.pk

Mod ,pls do something to stop CNese lying and harassment to PDF members

I am beginning to get the idea this forum administrators are protecting @Viva_Viet so he can continuously repeat unrelated and same old comments without consequences.

CN set a huge debt trap (60 billion USD) called CPEC and now ,u invite India instead of Pak to join RCEP. Its time for Pak to realize the true face of CN and Cnese here

 

[KAL-EL]

I am beginning to get the idea this forum administrators are protecting @Viva_Viet so he can continuously repeat unrelated and same old comments without consequences

Actually he has faced consequences quite a few times.

At the same time, he has been ganged up on quite a few times, and as a result, has become semi-radicalized because of that.

 

[Viva_Viet]

Actually he has faced consequences quite a few times.

At the same time, he has been ganged up on quite a few times, and as a result, has become semi-radicalized because of that.

Actually, I just want Cnese stop lying how "powerful "they r. Their economy is too bad under trade war now, and CN has to beg anyone ( VN,India,JP etc) as long as we give some help to their economy.

 

[Han Patriot]

Actually, I just want Cnese stop lying how "powerful "they r. Their economy is too bad under trade war now, and CN has to beg anyone ( VN,India,JP etc) as long as we give some help to their economy.

I still waiting for China to collapse in 2023. You told me China will collapse during trade war, you told me virus will kill China.

 

[SuvarnaTeja]

Agree. South Asian countries seems to be living in another era.

Pakistan is holding South Asia to ransom.

 

[mike2000 is back]

Pakistan is holding South Asia to ransom.

Lol as if India itself is an innocent virgin lady
Just look at your government foolish policies/reaction after the border issues with China . Lmao. They have stopped/restrict/banned/stopped investments,apps, business activities of Chinese companies in India. Lol. Using that silly logic China should have cut off/restrict/banned Japanese and Taiwanese investments/apps/businesses in China due to their far longer and bitter territorial/geo political disputes. Lol
Seriously speaking South Asian countries act like children fighting compared to east asian countries who are more like adults fighting and thus more reasonable in their reactions. 2 different cultures/mindset I guess .

 

[SuvarnaTeja]

Lol as if India itself is an innocent virgin lady
Just look at your government foolish policies/reaction after the border issues with China . Lmao. They have stopped/restrict/banned/stopped investments,apps, business activities of Chinese companies in India. Lol. Using that silly logic China should have cut off/restrict/banned Japanese and Taiwanese investments/apps/businesses in China due to their far longer and bitter territorial/geo political disputes. Lol
Seriously speaking South Asian countries act like children fighting compared to east asian countries who are more like adults fighting and thus more reasonable in their reactions. 2 different cultures/mindset I guess .

China and UK are not part of South Asia.

 

[mike2000 is back]

Actually he has faced consequences quite a few times.

At the same time, he has been ganged up on quite a few times, and as a result, has become semi-radicalized because of that.

Ahahaha.... he's funny though