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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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Apple, Amazon, Alibaba and Pepsi beat Reliance JIO to become world’s 5th strongest brand, read full news…

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Apple, Amazon, Alibaba and Pepsi beat Reliance JIO, world's 5th largest brand, read full news ... Worlds Top 10 Stongest Brand

Worlds Top 10 Strongest Brand / Reliance JIO, which entered the telecom sector in the year 2016, has become the 5th strongest brand in the world by defeating many big companies who have stood at the peak for many decades. With the increase in brand value, Relance JIO has overtaken Apple, Amazon, Alibaba and Pepsi. In addition, JIO has become the world’s third largest and India’s largest telecom network, serving more than 400 million consumers.

Relaince JIO Eklauti is one of the top Indian companies in the world’s top 10 Stongest Brands. Reliance Jio occupies the fifth peak among the 10 strongest brands in the world. According to the report, Reliance Jio has scored 91.7 out of 100 Brand Strength Index (BSI) points and AAA + in terms of brand strength.

Apart from this, the report said that Jio is the fastest growing brand in terms of brand value in the telecom sector, where the entire industry is witnessing negative growth while Jio’s brand value has increased to $ 4.8 billion.

Explain that Relaince JIO’s entry in the telecom sector took place in the year 2016. With the entry, the JIO started bailing the tentacles of success. Today, no telecom industry in India is visible in front of JIO. Even in the Corona era, when most companies were drowning financially, only the growth of Reliance JIO has been seen in the market.

The report said that Reliance JIO has extended crores of subscribers to 4G network in India, while other companies were not able to provide 3G service properly. Jio completely changed Indians’ habit of using data. The revolutionary change in the data consumption of Indian customers is called “JIO Effect” in the telecom sector.

Also, it has been said in the report that JIO Brand of Reliance does not see any deficiency or any weakness, due to which it has become a favorite brand of its consumers and it is getting a lot of support.

Who is Reliance JIO

The strongest brand announced by Brand Finance is WeChat, which has a Brand Strength Index (BSI) score of 95.4 out of 100. Auto giants Ferrari finished second, the Russian bank Sber and Coca-Cola being the third and fourth strongest brands in the world.

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