Asian powerhouses · Recent Updates · Regional Trade Agreements/FTAs · Western World

Playing by the rules?: EEU, vested interests and economic integration

Regional integration has quicky emerged as the new age global trend in the field of international trade. ARecently a lot of people have been taken in with the Eurasian Economic Union (EEU), a trading bloc forged between three ex-Soviet economies: Russia, Belarus and Kazakhastan.Opinions regarding the Russia-fueled merger were all over the news. Though the deal is… Continue reading Playing by the rules?: EEU, vested interests and economic integration

Asian powerhouses · Recent Updates · Trade talks and negotiations · Western World

Part III: Japan takes a step forward, ready to lower pork tariff for the TPP

Japan Times reports that Japan has agreed to review its policy on pork-imports with respect to the tariffs imposed. A brief discussion on the US-Japan standoff can be found here and here. It seems that Japan has finally come around to understanding that it stands to reap massive benefits if it is able to pull… Continue reading Part III: Japan takes a step forward, ready to lower pork tariff for the TPP

Asian powerhouses · Indian Masala · Ongoing disputes at the WTO · Trade and Environment · Western World

Part II: Alternative Defences for India in the Solar Cells dispute.

In recent news, the Panel for the India-Solar Cells dispute has been established. The unrelenting attack from the US-led West must be countered strongly by India. New Prime Minister, Mr. Narender Modi has given this job primarily to the Mrs.Nirmala Sitharaman in the Ministry of Commerce and Industry. She stands to be one of the key players… Continue reading Part II: Alternative Defences for India in the Solar Cells dispute.

Asian powerhouses · Recent Updates · Trade talks and negotiations · Western World

Breaking the Ice: China enters into its first FTA with a European nation

Reuters reports that the details of the China-Iceland FTA which covers goods, services and investment, have been released. The text of the agreement can be conveniently accessed here. Back in April 2007, formal negotiations between the two nations had begun and went on for four successful rounds till mid-2008. However, the initiative received a major setback… Continue reading Breaking the Ice: China enters into its first FTA with a European nation

Asian powerhouses · Recent Updates · Trade talks and negotiations · Western World

Part II of the US-Japan sage: Follow up on TPP talks in Vietnam

Starting today, the dozen countries involved in the Trans-Pacific Partnership (TPP) will begin a new round of talks in Ho Chi Minh City. The four day meeting will be followed up with a ministerial gathering from 19th to 20th May in Singapore. The centre of attention will be the US-Japan deadlock, while the other 10 countries, including Australia… Continue reading Part II of the US-Japan sage: Follow up on TPP talks in Vietnam

Asian powerhouses · Trade talks and negotiations · Western World

The US-Japan Saga Part I: No Rising Sun in sight as trade talks come to a halt

Recently, the trade talks between United States and Japan over the Trans-pacific Partnership (TPP) concluded without any result. Both criticized each other for not doing enough in terms of reducing import limits. Specifically,  two problems were Japan’s so-called “sacred” farm subsidies and resistance on part of the US to decrease import limits on certain products.… Continue reading The US-Japan Saga Part I: No Rising Sun in sight as trade talks come to a halt

Asian powerhouses · Indian Masala · Western World

Turning up the heat: India’s Solar Cell dispute begins

On the 14th of this month, the United States notified the DSB of its intention to establish a panel in the India-Solar Cells case, following the failure of last year’s consultations. These consultations had proceeded in two phases- the first beginning in February last year  (wherein Japan had joined in as a third party)and the… Continue reading Turning up the heat: India’s Solar Cell dispute begins