Why India Should Rethink Its Approach to RCEP Negotiations

By Kavaljit Singh | Commentary | July 18, 2017
25022487 - container ship

The 19th round of negotiations for Regional Comprehensive Economic Partnership (RCEP) will be hosted by India in Hyderabad from 18-28 July 2017. About 700 officials from 16 member-countries of RCEP would gather at the Hyderabad International Convention Centre to thrash out new rules for cross-border trade and investment with the aim of deepening regional economic integration.

The RCEP is a proposed mega regional trade pact being negotiated between ASEAN and their 6 FTA partner-countries (Australia, China, India, Japan, South Korea and New Zealand) since 2012. It covers a wide range of issues including trade in goods, trade in services, investment, intellectual property rights, competition policy,…

Investing in Alternative Dispute Settlement

By Shalini Bhutani | Commentary | July 3, 2017
32769551 - dump truck at bauxite quarry

State governments in India are pre-occupied with creating a favourable environment for attracting investment. But before opening doors to investors, they ought to be equally engrossed with preparing themselves for situations when investors, whether Indian or foreign, raise disputes. The dispute settlement mechanism being pushed in free trade agreements (FTAs) and bilateral investment treaties (BITs) is a marked shift from traditional adjudication processes.

Governments at the Centre and in the States must urgently invest in building their own capacity to handle the new generation of international investment arbitration.

World Bank Support

International financial institutions (IFIs) play a role in advocating a certain kind of dispute settlement in…

The RCEP Negotiations: From One Round to Another to Another…

By Shalini Bhutani | Commentary | June 5, 2017
RECP

It is not without reason that a session for the negotiation of trade rules is referred to as a round. It can go on in circular motion, sometimes with little or no substantive progress. So it may seem after the last round of talks on the Regional Comprehensive Economic Partnership (RCEP). For the sticky issues remain and the details of progress, if any, are not available to the public. CSOs often have to go around in circles seeking details.

Manila

The 17th Round of RCEP talks were held in Manila through 2-12 May 2017. The 30th Summit of the Association of Southeast Asian Nations (ASEAN)…

A Strong Regulatory Framework Must Precede the Opening Up of India’s Commodity Derivatives Market

By Kavaljit Singh | Commentary | March 27, 2017
64054699_s

The Securities and Exchange Board of India (SEBI) is preparing to introduce options contracts and allow the entry of financial institutions in the Indian commodity derivatives market. Detailed guidelines and necessary amendments in the law are currently being worked out to implement these measures in the coming months. The purported objectives behind these measures are to deepen the Indian commodity derivatives market by allowing the entry of financial institutions (such as mutual funds, banks, insurance companies, alternative investment funds and other financial investors) and to widen it by allowing options with commodity futures contracts as underlying. At present, only futures contracts are allowed on…

Exploring the UK Trade Landscape after Brexit

By Kavaljit Singh | Commentary | March 10, 2017
56911261_s

With the UK government preparing to trigger Article 50 of Lisbon Treaty – the formal process to exit the European Union – later this month, let us explore the opportunities and challenges of its future trade relations with the EU and the rest of the world. Post-Brexit, there are numerous policy options available to the country to establish its new trade relationships with the rest of the world. In fact, Brexit provides an excellent opportunity to the UK to rethink and reshape its trade policy in the light of growing domestic concerns over the loss of sovereignty and policy autonomy.

Many commentators have observed that…