US-China Trade Deal Comes with Caveats

By Kavaljit Singh | Letter (FT) | January 23, 2020

Martin Wolf rightly points out that the US-China trade deal is a partial and defective truce  (January 22). The deal not only keeps in place the bulk of tariffs that were imposed on each other’s products during the trade war but repackages many commitments already made by China unilaterally or at international…

Decoding the US-China Trade Agreement

By Biswajit Dhar | Briefing Paper # 32 | January 21, 2020

On March 22, 2018, President Donald Trump signed the “Presidential Memorandum Targeting China’s Economic Aggression” signalling the beginning of a trade war between the two largest economies. President Trump initiated this action in exercise of the powers granted to his administration under Section 301 of the Trade Act of 1974. The Section…

The US-China Trade Deal is Mostly Symbolic

By Kavaljit Singh | Commentary | January 18, 2020

On January 15, the US President Donald Trump and Chinese Vice Premier Liu He signed a “phase one” trade agreement to de-escalate an 18-month trade war between the world’s two biggest economies. After months of tough negotiations and retaliatory trade actions, both countries agreed to proceed ahead with the “phase one” trade agreement. The core…

India Exits RCEP: Analysing Trade Flows under India’s CEPAs

By Biswajit Dhar | Briefing Paper # 31 | December 23, 2019

In November 2019, the Indian government took an unprecedented decision to withdraw from the Regional Comprehensive Economic Partnership (RCEP), which was to be the world’s largest economic integration agreement comprising 16 East Asian economies. The decision to withdraw came after almost all major domestic entities in both agriculture and manufacturing argued that the steep…

Decoding India’s Withdrawal from the RCEP

By Biswajit Dhar | Commentary | November 8, 2019

India’s withdrawal from the Regional Comprehensive Economic Partnership (RCEP), the 16-country mega-regional trade agreement in East Asia and also the world’s largest trading bloc, must be seen as evidence that in India, strong voices from the stakeholders can make their impact felt on the government’s decision-making. Few realised that it was the first time…