RCEP Members Issue Ultimatum To India

Government of India Photo: Laurie Jones / Flickr / Wikipedia

The Regional Comprehensive Economic Partnership (RCEP), a trading bloc comprising 16 Asia-Pacific countries, has issued an ultimatum to India, saying that New Delhi should cut tariffs on most products as soon as possible or leave the talks on the proposed Free Trade Agreement (FTA).

In a statement, RCEP recently said that India annoyed five of its member countries – China, Japan, Australia, South Korea and New Zealand – with its “obstructionist, defensive and half-hearted approach” to the FTA talks. They also blamed India for unnecessary “delaying” the conclusion of the talks.

The RCEP issued the statement ahead of the bloc’s 12th round of talks (April 23-29) taking place in the western Australian city of Perth. RCEP, which voiced apprehensions at the last round of negotiations in February in Brunei, made clear that the ongoing Perth round of talks could be a “turning point” in the FTA negotiations with India.

Earlier this week, a senior South Korean official said that India’s protectionist stance was disturbing, as the Narendra Modi government in New Delhi started concentrating “only on the export of manpower”. He advised the Modi administration to liberalise trade in goods and other services, and to boost investment.

The South Korean official made the request, as India is not ready to create trouble for its domestic producers by signing the FTA with RCEP. According to sources close to the Indian government, the External Affairs Ministry and the Commerce Ministry have already sought a clear direction from Prime Minister Modi on whether New Delhi should be part of the RCEP. Now, it is up to the premier to take a strategic call. Although the Indian PM is concerned over the lack of progress in New Delhi’s FTA negotiations with the RCEP, the European Union (EU), Australia and Canada, he is in no position to ignore the interest of domestic producers.

The RCEP member countries are well aware of the fact that PM Modi will finalise the FTA with Asia-Pacific trading bloc only if he gets assurance from them that the Indian producers will be ‘safe’ in future. The South Korean official has encouraged the PM to sign the deal soon, saying: “We have maintained that we have made very substantial offers and we are seriously negotiating. We cannot be brushed aside as if we were non-serious about it.”

Currently, India also hold FTA talks with the Trans Pacific Partnership (TPP), led by the US), and the Trans-Atlantic Trade and Investment Partnership (TTIP) between the US and the EU.

1 COMMENT

  1. The ‘EMPIRE’* STRIKES BACK against Huge Indirect Taxes ?
    -*the ‘harmless’ citizens of the Anti-Global Corporate Economy

    TPP & the other Global Corporate treaties/’arrangements’; Japan; ‘The Submission’ to The Supreme Court of Canada paves the way for Expanding & Improving the basis of the Yamada led ‘Sword & Shield’ Counter-attack Suit against the Japanese gov’t., Corporates America & Canada, or, their ‘harmless’ citizens, et al. TPP & other Global Corporate Treaties/’Arrangements’ signatory Gov’ts. in Conflict of Interest. Potential Investors look to Courts & elsewhere, not Trade Tribunals.

    • TPP, et al, Just in Time to protect Monsanto’s carcinogenic ‘Round Up’ Herbicide & other Toxic products & Foods; the Future of ‘Legal’ Poisoning of harmless Customers starts NOW. Taxes Cut as Gov’ts pass Lawsuit Costs to harmless citizens?
    • If the ‘Agreements’ are anything other than a schedule of reducing tariffs then it’s not about ‘Free’ Trade but ‘Enslaving’ Trade?

    • Will Citizens of the Global Corporate economy be able to balance the potential for Employment versus the amounts they will have to Pay for Costs of ‘Trade’ Tribunals’ Punitive Penalties (Indirect Tax), etc.?
    • Under what circumstances will China (BRICS), et al, Consider Funding Anti-TPP Investment Litigation?

    (CAN.) – The TPP & the other global corporate treaties/’arrangements’ provides that the signatory governments will, not only, be no longer able to sue corporations for not adhering to the laws of their host countries & thereby, replace the desire of American lead corporations for tort reform with tort abolishment, but the TPP will also place the signatory governments in positions of a conflict of interest in regard to their own harmless citizens who are being forced to find their own, non-governmental means of enforcing existing & future laws that have been passed by way of:
    1) the secrecy of unethical lobbyists for the benefits of their wealthy corporation clients & their shareholders, &/or,
    2) the ethical desire to compete with other countries by passing laws that protect & enhance the well-being of its citizens regarding their health care, education, worker safety, environment, transfer payments, etc.

    However, it seems that it is only recently that the harmless citizens of Japan are learning that due to Corporate Canada’s, &/or, the government of Canada’s, anxious desire to impress its TPP corporate associates, &/or, the citizens of Japan, et al, with:
    1) its unencumbered access to the natural resources that are continuing to be discovered in Canada,
    2) its ability to ‘manage’ Native Canadians in regard to accessing the aforementioned natural resources in Canada
    &
    3) et al,
    Corporate Canada, &/or, the Canadian government has misinformed its corporate associates & deprived its corporate associates of due diligence information (eg. the Canadian government, et al, is continuing to deprive Native Canadians, et al, of the information & questions in The W.A.D. Accord), which will greatly affect the costs of developing the aforementioned natural resources, and thus, as a consequence of Corporate Canada’s, &/or, the Canadian government’s actions it has given the harmless citizens of Japan, et al, the basis for not only, suing Corporate Canada, &/or, the government of Canada, via the Canadian government, but for also expanding & improving upon Mr. Yamada’s existing suit against the Japanese government, &/or, Corporate Japan, et al, as well.

    And, thus, Corporate Canada, via their lobbyists to the Canadian government, are most anxious to escape from their liabilities by a rapid ratification of the TPP, et al.

    Therefore, the Japanese group, led by Mr. Masahiko Yamada, who are suing their government regarding the Trans-Pacific Partnership on behalf of themselves & the citizens of Japan, might seriously consider suing Corporate Canada, in order to ensure that they, the harmless citizens, do not end up having to ‘contribute’ any of their tax dollars to pay for The Compensation in The W.A.D. Accord, et al, & thereby, prevent Corporate Canada from escaping its liabilities by way of the ratification of the TPP, et al.

    Furthermore, by suing Corporate Canada &/or, the government of Canada, by Mr. Yamada’s group, would enable the harmless citizens of Japan as a ‘sword’ & a ‘shield’ to prevent the government of Japan from using any of tax dollars of the harmless citizens of Japan to further punish the harmless citizens, ie. the ‘shield’ & to provide the monies necessary from the punitive damages, on an on-going basis, to continue to fight the future capricious forays & assaults against the harmless citizens’ democracy and counteract the damages to it, etc. caused by Corporate Japan, the government of Japan, et al, ie. the ‘sword’.

    Does the EU & the other signatories of the global corporate treaties/’arrangements’ understand how corporate Canada (Corp. Can. East; Liberals & Trudeau and Corp. Can. West; Conservatives & Harper) is continuing to try & avoid its liabilities from its information deprivation (eg. The W.A.D. Accord & The MERKEL {Chancellor of Germany} Letter) & trying to pass its liabilities on to its global corporate associates, their citizens and the citizens of Canada?

    Please see the reference material below:

    ‘The Submission’ to The Supreme Court of Canada: ‘The SHAREHOLDERS & Corporations of JAPAN, America, China, Canada, the EU, the Trans-Pacific nations, et al,
    vs.
    the (harmless) Canadian NON shareholders, both; Native & non Native, et al’ (see; davidehsmith.wordpress.com)

    which includes, amongst other considerations: 1) The W.A.D. Accord & its Compensation, 2) ‘The MERKEL (Chancellor of Germany) Letter; To Sue, or, Be Sued?’ &
    3) et al.

    ‘The Submission also considers, amongst other consideration: 1) what is a ‘good corporate citizen’ & 2) how to make those corporations that are not good corporate citizens conform, or, make the corporations persona non grata.

    The letter to Prime Minister Shinzo Abe, ‘Prime Minister Abe; You’ve been Served with; The NOTIFICATION of Pre-existing CHALLENGE to The TPP’, was sent separately.
    Please also see; ‘The Basis for Litigation & Litigation Funders; Suing the Global Corporate Economy’.
    ***
    Mr. Yamada & the citizens of Japan, I look forward to reading about your thoughts, your questions, your feelings, your improvements, etc., regarding the enclosed.
    If you should have any questions, or, problems with the enclosed questions & information, &/or, any other related material, I can be contacted via davidehsmith.wordpress.com

    David E.H. Smith
    – Researcher
    – ‘Qui tam…’

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