Apec Membership — How Much Will India Benefit?
India's wait for an Asia-Pacific Economic Cooperation (APEC) berth has to wait till 2010 after the group's leaders decided to take up the issue of membership only after three years.
It is really surprising that India, who is undoubtedly a major economic super-house, was not included as it could have gone a long way in making the regional grouping truly inclusive.
Amidst all this, India has also been blamed for holding up the Doha round of talks, with the US alleging that India appears to have a low level of ambition to freer market access.
It's like the pot calling the kettle black. I strongly feel that if the US and others in the developed bloc were genuinely supporters of free trade as they would have us all believe, then the stalled Doha trade talks would have been over by now.
Instead of blaming the developing nations, they should give up trade-distorting policies first and also take into account the sensibilities of the nations who have to consider the issues of the poor farmers too while negotiating.
India's participation in debating regional issues and removing trade barriers cannot be hijacked by certain nations, who, instead of taking part in the ongoing integration process, rely on their allies in the region to skew developments in East Asia. India today has done more towards striving towards the goal of trade without barriers than several other nations.
I get a feeling that APEC is yet to have a strongly formulated economic agenda. Several nations aspiring to be a member of APEC are in actuality politically motivated. Initially, this influential grouping had trade liberalisation as its main agenda, but in recent times, security issues have dominated. Despite the fact that the grouping is influential because the APEC countries account for over 45% of the global GDP, the economic agenda is still weak and is yet to make an impression.
As such I have real doubts about how much the entry into the group will help India. Without doubt it would indeed be a political victory. But is it what India wants?
(ArticlesBase SC #216931)
Article Tags:
b2b
,gdp
,global Exim News
,import News
,India's Apec Entry
,india Have to Wait for Apec Membership
,apec Membership and India
,asia-pacific Economic Cooperation
,apec Berth
,doha Round of Talks
,free Trade
,doha Trade Talks
,trade-distorting Policies
,trade Barriers
Discover Delhi India
Travel to India and discover the city of Delhi, old and new. (04:13)
The Economy in India
Travel to India and learn about the economy and growth of the rural sector. (01:57)
Discover Dhami India Part 2/2
Travel to India and discover the village of Dhami part 2/2. (06:40)
Discover Dhami India Part 1/2
Travel to India and discover the village of Dhami part 1/2. (12:00)
Discover Ghanerao Tribal Village in India
Travel to India and discover Ghanerao - a tribal village. (12:23)
How to help your customer gain some clarity on these vague rules
Tuscaloosa, AL-based Machine & Welding Supply has grown through a tradition of stewardship.
Author Marsha Egan offers tips and suggestions.
Maintaining better customer relationships can help a material handling dealership withstand a challenging economic environment.
Having a thorough anti-fraud scheme in place that will detect, deter and prevent fraud is key to every organisation. Here are five points worth implementing into your system to prevent scams occurring.
People choose to buy a business rather than start one from scratch for different reasons. The primary reason is that it gives them a head start on ownership. Buying an already established business decreases the amount of time it takes to become an entrepreneur and the risks involved.
A birthday gift is a symbol of your love, affection, warm and heartiest wishes to your dear ones. The gift chosen should be such that it that it sends across your feelings and warm wishes and is as unique as the person to whom it is dedicated.
Aarkstore announce a new report "Insurance: Asia-Pacific Industry Guide" through its vast collection of market reserach report.
TradeIndia website has a comprehensive database of Jewelry exporters from India. You can search for exporters and manufacturers of any form of jewelry and can contact them directly with your buy requirement. An importer can also post his buy requirement and can respond to offers received.
Exporters will accept the fact that now is the time to find newer markets to beat the appreciating rupee and the EU can be the best option.
Recently Capgemini, the global consulting, technology and outsourcing services major, in its latest report has said that global manufacturers in their quest for newer places to carry out their operations, may find India as a favourite destination. The report even said that India can emerge as the 'number one outsourced manufacturing destination due to its competitive cost advantages over China'.
With the Reserve Bank of India's (RBI) monetary policy review slated for October 30, I believe that it's the best time for the apex bank to lower the interest rates which are affecting investments and economic growth of the country.
Despite the fact that exports in August rose by 18.9 percent in comparison to last year’s figures, I feel the exporters are still under pressure from the hardening of the rupee.
With the ever appreciating rupee, exporters will now have to hunt for alternative ways to keep their goods competitive in the global scenario. Although the government has given certain sops to cushion the impact, there is apprehension in North Block that too many exemptions can attract the attention of the watchful WTO.
On one hand we are aspiring to become a global economic powerhouse and on the other hand this onward march is being dragged down by political ideals which see no logic and have no rationale. Yes it about the stalled Indo-US nuclear deal.
India's wait for an Asia-Pacific Economic Cooperation (APEC) berth has to wait till 2010 after the group's leaders decided to take up the issue of membership only after three years.
1