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Foreign Minister explained this reason for not joining this agreement

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RCEP

RCEP trade deal: Foreign Minister explained the reason for not joining this agreement

India did not join the Regional Comprehensive Economic Partnership (RCEP) trade agreement because it would have “negative consequences”, although the country is interested in a “fair and balanced” free trade agreement with the European Union (EU), Jaishankar said on Wednesday.

New Delhi indicated its concerns with the RCEP at the East Asia Summit a year ago as several key concerns were not addressed during the lengthy negotiations for the trade agreement, Jaishankar said on the India-EU relations organized by the Center Said during an online conversation. “We have at this point of time (RCEP) said that it is not in our interest to join this agreement, as it will have immediate negative consequences for our own economy,” he said.

The 10 member states of the Association of Southeast Asian Nations (ASEAN) and Australia, China, Japan, New Zealand and South Korea signed the RCEP on Sunday. Japan drafted the ministers’ declaration that left the door open for India to join the world’s largest trading bloc, covering about one-third of the global economy.

Referring to the long-delayed proposal for a free trade agreement (FTA) with the European Union, Jaishankar said that the Indian government had spoken of the need to resume negotiations on it.

He said that India wants a “fair and balanced FTA” with the European Union.

“I know that an FTA with Europe is not an easy negotiation.

In the world, this should be the toughest compromise because it is a high standard FTA, ”he said. He said the two sides were looking at various proposals, including a separate agreement on investment or an “early harvest” deal.

Jaishankar also highlighted the importance attached by India to mobility agreements with European states to facilitate the movement of skilled professionals. He said that there are about 34 million people of Indian origin worldwide, including about nine million in West Asia. Jaishankar also spoke of the urgent need for reform in the United Nations: “After all, in our lives, what is it that is 75 years old that you are still using? Everything needs some kind of refreshing (and) updating and we cannot leave the interests of one or two countries that want to continue a moment of history for their continued benefit. “

He said, “Now we allow it to be deadlocked, this gridlock continues –

Clearly, it is harming the United Nations. ”

I don’t think the United Nations is coming out of this.

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Why were being Spencer Stuart headhunters peddling such variety nonsense?

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Iconic and EHGO dispute | Evening Standard
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Ordinarily peaceful corner of LinkedIn has been raging this week, albeit in that well mannered method only commanded by this most genteel sort of social media.

The blaze was sparked by a shorter letter in the Fiscal Moments by two headhunters from Spencer Stuart.

They expressed a check out so controversial that it deserved far more focus than it bought.

Their declare was that company governance rules have created the problem of “two opposing requirements” for people choosing new business administrators.

Just one, to employ the service of diverse board associates. The other, to appoint those people qualified to take additional responsibility for the precision of the firm’s accounts.

The clear insinuation is that only white blokes from non-public schools have the ability to do the position. That range and competence are someway mutually special.

Minor ponder the LinkedIn-osphere has long gone berserk, and rightly so, with highly capable and competent woman and ethnic minority business individuals pointing out that there are plenty of respectable execs. It is just they do not get hired.

They are suitable. And the reason they hardly ever get hired is mainly because it is often the similar group of white adult males accomplishing the hiring.

Which is not just the non-execs, it is the headhunters, as well. Of the 44 London consultants pictured on Spencer Stuart’s website, only a few are BAME.

Luckily, there are much more females and BAME executives than ever relocating up into senior positions in firms. Nevertheless nowhere close to enough to mirror the inhabitants their firms provide, but sufficient to stock a regular pipeline of capable non-execs.

The chairman of Greensill was a white, previous foxhunting ex-City banker. Perhaps supplied by Spencer Stuart. What great did that do?

The plan that the major talent only appears to be like white and male is from a bygone age. Headhunters should really not be peddling it.

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