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Introduction Officials, ambassadors, media veterans and scholars attend the forum to share their thoughts on how the Regional Comprehensive Economic Partnership agreement will propel regional cooperation in Asia. The event is jointly organized by the publicity department of the Hainan provincial government, China Daily, the China Institute for Reform and Development, and Institute for Free Trade Port with Chinese Characteristics. All Port business environment gets a new facelift As the RCEP trade agreement is planned to go into force next year, the General Administration of Customs has been working on a slew of measures, in a move to build up a market-oriented, legalized and internationalized port business environment, said Dang Yingjie, deputy director-general of the National Office of Port Administration. ....
Bangladesh has shown courage against Chinese bullying but Sri Lanka still lacks it When it comes to dealing with countries in Asia, Beijing does not seem to need a diplomatic veneer anymore. Seshadri Chari 14 May, 2021 11:30 am IST Text Size: A+ Following the statement, read threat, by the Chinese ambassador to Bangladesh that Beijing-Dhaka ties would be substantially damaged if Bangladesh joins Quad, Dhaka has reacted appropriately. Bangladesh’s reply should be seen as reflective of the mood of countries in the region that are tormented by the coronavirus, which is likely to have originated in Wuhan. While expressions like “Beijing-Dhaka ties would be substantially damaged” are not veiled, they do seem like direct threats. Dhaka’s polite but firm reply that Bangladesh stands by its commitment to no-alignment and balanced foreign policy is a tight slap on the face of China. In sharp contrast to Dhaka, Colombo seems t ....
RCEP pact expected to elevate role of Asia-Pacific The landmark Regional Comprehensive Economic Partnership trade agreement signed last year will give the Asia-Pacific region more weight in the global economic landscape and facilitate a higher standard of trade and investment to fuel growth worldwide, according to experts and business leaders on Monday. As a significant trade deal to defend globalization and boost regional trade and investment, the RCEP is surely a shot in the arm for the multinational trade framework and gives new impetus to globalization, said Long Yongtu, former vice-minister of foreign trade and former secretary-general of the Boao Forum for Asia. ....