Latest news with #RCEP
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Business Standard
2 days ago
- Business
- Business Standard
India-US BTA: Sangh affiliates draw red line over GM crops, dairy products
Affiliates of the Sangh Parivar have said the India-United States bilateral trade agreement (BTA) is unlikely to happen if America continues to be 'stubborn' about securing market access for genetically modified (GM) crops, dairy products, relaxed regulations on medical devices, and data localisation. The Bharatiya Kisan Sangh (BKS) and Swadeshi Jagran Manch (SJM) have flagged the issue that concessions to the United States (US) in the agriculture sector, including dairy products, will have ramifications for the country's food security. The parivar has pointed to the efforts by US Senator Lindsey Graham to move a Bill that envisages steep economic penalties for India, and also China, for importing Russian oil. The Bill could propose a 500 per cent tariff on imports from countries not supporting Ukraine. On Monday, SJM National Co-Convenor Ashwani Mahajan posted on X: 'No matter what US President Donald Trump says, there cannot be a trade deal with the US because India cannot give what America is asking for.' Mahajan said India could not possibly give ground on market access to America's genetically modified crops and other agricultural products. 'How can the country's agriculture and small industries be sacrificed in front of America's stubbornness,' Mahajan said. India cannot allow 'non-vegetarian milk and dairy', he said, adding that there could not be any agreement that compromised the interests of India's farmers and dairy. Talking to Business Standard, Mahajan said the SJM had opposed the Regional Comprehensive Economic Partnership (RCEP) because it would have compromised the interests of India's farmers. 'India's farmers will be unable to compete with the US, given the subsidies that the latter provides its farmers. What if India's farmers stop producing?' Mahajan asked. Earlier this month, the BKS had slammed the NITI Aayog for its working paper that recommended increasing agricultural trade between India and the US. The BKS accused the Aayog of 'kneeling in the tariff war with the US'. In a post on X on Sunday, Jairam Ramesh, Congress general secretary in charge communications, wondered why the NITI Aayog working paper, titled 'Promoting India-US Agricultural Trade Under the New US Trade Regime', and issued on May 30, was withdrawn. 'It got reported and also invited some critical comments. Now the Working Paper has gone missing from the Aayog's website. It has reportedly been withdrawn. Wonder why?' he asked. The paper has been taken off the Aayog's website since June 23. Some farmer groups such the Bharatiya Kisan Union (Apolitical) said it was because of them and other peasant organisations. In a statement, BKS All India General Secretary Mohini Mohan Mishra said the working paper had recommended that India, under the proposed BTA, open up its market for rice, pepper, soybean oil, shrimp, tea, coffee, dairy products, poultry, apples, almonds, pistachios, corn, and GM soy products. Mishra said that doing so could risk the livelihoods of 700 million Indians dependent on agriculture. 'When the government is preparing to make the country self-reliant in oilseeds, then reducing the import duty on edible oil is a contradictory decision in itself,' Mishra said. Mishra said the advisors to the NITI Aayog should reconsider their recommendations. 'It is well known that in the US, GM soya and maize are used as animal feed and some amount of ethanol is produced from them. In such a situation, why is it suggested that the crop be imported?' he asked. The BKS leader said the government had formulated a policy to add 20 per cent ethanol to petrol and had already added 18.5 per cent ethanol. 'In such a situation, the suggestion to import American GM corn shows a conflict with the interests of farmers. Such unethical suggestions of the Ayog should be corrected immediately,' Mishra said, adding that the think tank bowing under pressure was not good for India. If the Aayog does not have faith in the country's capabilities, the government needs to review its working system, he said.
Associated Press
6 days ago
- Business
- Associated Press
RCEP expo in Linyi boosts trade, cooperation and development
LINYI, CHINA - Media OutReach Newswire - 27 June 2025 - The 4th RCEP (Shandong) Import Expo, which kicked off on June 27 in Linyi, Shandong province. The ongoing expo features 348 participating enterprises from 66 countries and regions such as Cambodia, Malaysia, South Korea, and Japan, showcasing cutting-edge technologies and innovative solutions. With a total exhibition area of 35,000 square meters and 1,200 international standard booths, the event attracted 15,000 visitors on its opening day. Notable participants include 179 companies from the RCEP region, 51 countries involved in the Belt and Road Initiative, and various international associations, fostering efficient business connections on a global scale. The expo also introduces new segments like the smart technology zone and multinational corporations area, highlighting leading tech firms such as Tesla and Unitree Robotics, which produces humanoid robots, alongside Global Fortune 500 companies like CP Group and Amazon. This platform serves as a nexus for unveiling the latest industry trends and showcasing advanced manufacturing capabilities worldwide. 'I've been really impressed by Linyi's business environment and especially its logistics system — it's very advanced. Under the RCEP framework, I think Linyi has a lot of potential to serve as a key link between China and Southeast Asia,' said Princess Norodom Jenna, member of the Cambodian Royal Family, during the ongoing expo. 'I hope to see more collaboration between Linyi and Cambodia, especially in areas like specialty trade and e-commerce. It would be great to bring more Cambodian products here to Linyi, and at the same time, help Linyi's goods reach Cambodia through the BRI,' added Princess Jenna. 'Linyi boasts well-developed infrastructure, leaving a lasting impression with its high-quality roads and buildings. Known for its excellent logistics system, Linyi offers picturesque scenery and warm hospitality. Attending the exhibition today, I've brought our East Malaysian products including bird's nest, pepper, and palm sugar,' said Tan Kai, chairman of the Padawan Municipal Council and mayor of Padawan in Malaysia. He added that this expo showcases an incredible population diversity, with a vast number of booths creating a bustling atmosphere. In recent years, Linyi has enjoyed strong economic growth alongside RCEP member states. According to official statistics, in 2024, the city's trade with RCEP member countries amounted to 78.65 billion yuan ($10.95 billion), an increase of 9.7 percent year-on-year, accounting for 46.5 percent of the city's total imports and exports. Hashtag: #Linyi #RCEP The issuer is solely responsible for the content of this announcement.
Malay Mail
6 days ago
- Business
- Malay Mail
RCEP expo in Linyi boosts trade, cooperation and development
LINYI, CHINA - Media OutReach Newswire - 27 June 2025 - The 4th RCEP (Shandong) Import Expo, which kicked off on June 27 in Linyi, Shandong province. The ongoing expo features 348 participating enterprises from 66 countries and regions such as Cambodia, Malaysia, South Korea, and Japan, showcasing cutting-edge technologies and innovative a total exhibition area of 35,000 square meters and 1,200 international standard booths, the event attracted 15,000 visitors on its opening day. Notable participants include 179 companies from the RCEP region, 51 countries involved in the Belt and Road Initiative, and various international associations, fostering efficient business connections on a global expo also introduces new segments like the smart technology zone and multinational corporations area, highlighting leading tech firms such as Tesla and Unitree Robotics, which produces humanoid robots, alongside Global Fortune 500 companies like CP Group and Amazon. This platform serves as a nexus for unveiling the latest industry trends and showcasing advanced manufacturing capabilities worldwide."I've been really impressed by Linyi's business environment and especially its logistics system — it's very advanced. Under the RCEP framework, I think Linyi has a lot of potential to serve as a key link between China and Southeast Asia," said Princess Norodom Jenna, member of the Cambodian Royal Family, during the ongoing expo."I hope to see more collaboration between Linyi and Cambodia, especially in areas like specialty trade and e-commerce. It would be great to bring more Cambodian products here to Linyi, and at the same time, help Linyi's goods reach Cambodia through the BRI," added Princess Jenna."Linyi boasts well-developed infrastructure, leaving a lasting impression with its high-quality roads and buildings. Known for its excellent logistics system, Linyi offers picturesque scenery and warm hospitality. Attending the exhibition today, I've brought our East Malaysian products including bird's nest, pepper, and palm sugar," said Tan Kai, chairman of the Padawan Municipal Council and mayor of Padawan in added that this expo showcases an incredible population diversity, with a vast number of booths creating a bustling recent years, Linyi has enjoyed strong economic growth alongside RCEP member states. According to official statistics, in 2024, the city's trade with RCEP member countries amounted to 78.65 billion yuan ($10.95 billion), an increase of 9.7 percent year-on-year, accounting for 46.5 percent of the city's total imports and #Linyi #RCEP The issuer is solely responsible for the content of this announcement.
The Sun
6 days ago
- Business
- The Sun
RCEP expo in Linyi boosts trade, cooperation and development
LINYI, CHINA - Media OutReach Newswire - 27 June 2025 - The 4th RCEP (Shandong) Import Expo, which kicked off on June 27 in Linyi, Shandong province. The ongoing expo features 348 participating enterprises from 66 countries and regions such as Cambodia, Malaysia, South Korea, and Japan, showcasing cutting-edge technologies and innovative solutions. With a total exhibition area of 35,000 square meters and 1,200 international standard booths, the event attracted 15,000 visitors on its opening day. Notable participants include 179 companies from the RCEP region, 51 countries involved in the Belt and Road Initiative, and various international associations, fostering efficient business connections on a global scale. The expo also introduces new segments like the smart technology zone and multinational corporations area, highlighting leading tech firms such as Tesla and Unitree Robotics, which produces humanoid robots, alongside Global Fortune 500 companies like CP Group and Amazon. This platform serves as a nexus for unveiling the latest industry trends and showcasing advanced manufacturing capabilities worldwide. 'I've been really impressed by Linyi's business environment and especially its logistics system — it's very advanced. Under the RCEP framework, I think Linyi has a lot of potential to serve as a key link between China and Southeast Asia,' said Princess Norodom Jenna, member of the Cambodian Royal Family, during the ongoing expo. 'I hope to see more collaboration between Linyi and Cambodia, especially in areas like specialty trade and e-commerce. It would be great to bring more Cambodian products here to Linyi, and at the same time, help Linyi's goods reach Cambodia through the BRI,' added Princess Jenna. 'Linyi boasts well-developed infrastructure, leaving a lasting impression with its high-quality roads and buildings. Known for its excellent logistics system, Linyi offers picturesque scenery and warm hospitality. Attending the exhibition today, I've brought our East Malaysian products including bird's nest, pepper, and palm sugar,' said Tan Kai, chairman of the Padawan Municipal Council and mayor of Padawan in Malaysia. He added that this expo showcases an incredible population diversity, with a vast number of booths creating a bustling atmosphere. In recent years, Linyi has enjoyed strong economic growth alongside RCEP member states. According to official statistics, in 2024, the city's trade with RCEP member countries amounted to 78.65 billion yuan ($10.95 billion), an increase of 9.7 percent year-on-year, accounting for 46.5 percent of the city's total imports and exports.
The Sun
25-06-2025
- Business
- The Sun
Linyi to explore business opportunities at RCEP expo
LINYI, CHINA - Media OutReach Newswire - 24 June 2025 - The 4th RCEP (Shandong) Import Expo will be held in Linyi, Shandong, from June 27 to 29. This year's event focuses on high-quality imported goods and trade connections, with over 300 enterprises participating, emphasizing elements unique to Linyi. As one of the important platforms themed on the achievements of Linyi's opening-up to the outside world, the expo features 11 indoor exhibition areas and one multifunctional area, covering an exhibition area of 35,000 square meters with 1,200 international standard booths. Additionally, multiple professional market exhibition areas will be set up at the Linyi International Market Center and Lanhua Imported Commodity City. During the expo, a series of activities will take place, including an opening ceremony, a roadshow for the 8th CIIE, guest country promotion events, the International Friendship Cities gathering, and 'Invest in Linyi' industry matchmaking session – all aimed at enhancing the expo's international presence and professional standards. To date, seven sister cities from abroad have confirmed their participation in the expo, along with 20 foreign trade associations and 333 exhibiting enterprises. Among them are 183 enterprises from RCEP countries, 55 from countries involved in the Belt and Road Initiative, and 11 Fortune Global 500 companies. Additionally, 21 exhibiting enterprises from the 8th CIIE are forming groups for the event. During the exhibition, a RCEP economic and trade cooperation negotiation zone will be established to facilitate the establishment of regional procurement centers in Linyi for participating companies like Metro and Tesla. The event will also host an international investment cooperation exchange to attract foreign investment projects, promoting the transformation of exhibitors into investors. Simultaneously, local enterprises will connect international buyers to showcase their advantageous products such as hardware tools and textiles, promoting the internationalization of 'Made in Linyi' products. Since 2021, the RCEP expo has been held three times, with a total exhibition area of 95,600 sq m. It has attracted over 700 companies from more than 60 countries and regions, with a cumulative attendance of 130,000 people, generating significant economic and social benefits. In recent years, Linyi has enjoyed mutually beneficial economic growth with RCEP member states. According to statistics from Linyi Customs, in 2024, the city's trade with RCEP member countries amounted to 78.65 billion yuan ($10.95 billion), an increase of 9.7 percent year-on-year, accounting for 46.5 percent of the city's total imports and exports.
