Dr. Arpita Mukherjee, ICRIER, states that India needs to ensure food safety and standards and diversify the type of seafood products exported. We also need to study how the demands for fisheries products are changing in the importing countries. She also adds that there is a need to have more...
Jagdish Fofandi, National President of Seafood Exporters Association of India, opines that the domestic fisheries industry would have been at an advantage, had we been included in the RCEP idea since India is not a large-scale importer of seafood and India faces stiff competition from competitors like Vietnam, Thailand, Indonesia....
Chalasani Bhaskar, Agri ESG entrepreneur opines that before venturing into FTAs, India needs to invest in infrastructure including harbors, logistics and skilling centers. This will get fishermen to be efficient, productive & regulation compliant to remain viable, bankable and competitive. IBT: What impact will India’s decision to stay out of...
Indian chemical exports to RCEP member countries have been witnessing strong growth over the past few years. But preferential access to RCEP members could put Indian chemical companies at a disadvantage. IBT takes a closer look at the possible repercussions of the deal in the case of China, which happens...
India’s decision to exclude itself from RCEP, at least for now, is aimed at protecting itself from a potential surge in imports, especially China. Nevertheless, it is also true that India cannot pull back on its business association with RCEP countries, as they are integral to the future of global trade,...
Prof Rupa Chanda, RBI Chair of Economics, IIM Bangalore, talks about possible regions where India can pursue greater trade integration post its exit from RCEP. At the same time, she asserts that FTAs are not the only factors that make countries big export powerhouses. Achieving that also requires domestic reform,...
India’s concerns on possible rise in trade deficit with RCEP participation are understandable, but it should consider other ways of engaging with the value chains of East and Southeast Asia, besides enhancing its own attractiveness as a business destination. India’s concerns on joining the RCEP primarily stem from experiences of...
Prof Amita Batra, Centre for South Asian Studies, JNU, asserts that while US and EU have been traditionally large markets for India, integrating with the countries of East Asia and Southeast Asia is important for value chain participation. Therefore, India should keep its options open for negotiating its concerns and...
As India looks to re-negotiate and enter into new trade agreements with partners in the post-COVID scenario, the G-20 naturally takes precedence, as it accounts for over 70% of global trade. A preliminary analysis confirms that India’s exports to the developed countries within the G-20 (G-7) have improved post 2014....
Dr. Basanta K. Sahu, IIFT, agrees that the dynamics of trade have drastically changed and COVID-19 presents an opportunity to explore new trade partners, markets and products. India should explore new markets, particularly in Africa and Southeast Asia through favourable trade agreements. Also, India’s production advantages in food products provide...
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