Margin obligations to be given by way of Pledge/ Re-pledge in the Depository System (See 'Dashboard') SEBI asks Depositories to scan accounts linked with Al-Qaida (See 'Corp Brief') SEBI: Despite grey list, Mauritius investors will get FPI registration (See 'Corp Brief') EESL completes installation of 10 lakh smart meters in India (See 'Corp Brief') SEBI finds corporate misgovernance & listing norms violations by Indigo on complaint filed by co-promoter Bhushan Steel Insolvency: ex promoter files petition in Supreme Court against JSW USD 2.7 bn purchase deal SEBI - SEBI has rightly given exemption from complying with requirements of Regulations 3 and 4 of SAST Regulations to public sector companies who acquired shares of target company through disinvestment process: SAT (See 'Legal Desk') Companies Act - If interim order passed in oppression petition is modified due to changed circumstances in operation of company, such modification cannot be challenged unless proved prejudicial: NCLAT (See 'Legal Desk') CCI nod to NTPC to acquire 74.50% of share capital of THDC India (See 'Corp Brief') Review of Margin Framework for Cash and Derivatives segments (except for Commodity Derivatives segment) (See 'Dashboard') MCA launches SPICe+ e-form to ease doing business (See 'Corp Brief') Aditya Estates Insolvency: NCLT approves Adani Properties bid of Rs 400 cr PepsiCo spends USD 700 mn to purchse Chinese snack brand Be & Cheery IBC - Insolvency application against Flipkart quashed for bringing section 9 application before crystallisation of debt: NCLAT (See 'Legal Desk') Companies (Incorporation) Amendmen Rules, 2020 (See 'Dashboard') SEBI (Depositories and Participants) (Amendment) Regulations, 2020 (See 'Dashboard') Constitution of a committee for recommending Rules & Regulatory framework for smooth implementation of proposed Cross Border Insolvency provision in the IBC (See 'Dashboard') Competition - Increased rates of telecom services come under radar of CCI provisions even if such rates are in conformity with section 21A of TRAI: CCI (See 'Legal Desk') IBC - Even after passing of award by Arbitrator, if corporate debtor does not honour award then operational creditor is right in invoking jurisdiction of NCLT u/s 9 of IBC : NCLAT (See 'Legal Desk') Paris based ADP files for acquisition of GMR Airports & GISL via CCI Green Channel facility (See 'Corp Brief') Women entrepreneurs dominates Organic Food Festival held in Delhi (See 'Corp Brief')

7th RCEP joint statement: boost Free Trade and Investment in region

Published: Sep 09, 2019


NEW DELHI, SEPT 09, 2019 : Mr. Piyush Goyal, the Union Minister of Commerce & Industry and Railways participated in 7th RCEP Ministerial Meeting held in Bangkok, Thailand on 8th September 2019. The meeting was attended by Senator Simon Birmingham, Minister for Trade, Tourism and Investment, Australia, Dato Dr. Amin Liew Abdullah, Minister at the Prime Minister's Office and Minister ofFinance and Economy II, Brunei Darussalam, Pan Sorasak, Minister of Commerce, Cambodia, Wang Shouwen, Vice Minister, Ministry of Commerce, People's Republic of China, Enggartiasto Lukita, Minister of Trade, Republic of Indonesia, Hiroshige Seko, Minister of Economy, Trade and Industry, Japan, Ms. Myung Hee Yoo, Minister for Trade, Ministry of Trade, Industry and Energy, Republicof Korea, Mrs. Khemmani Pholsena, Minister of Industry and Commerce, Lao PDR, Darell Leiking, Minister of International Trade and Industry, Malaysia, Thaung Tun, Union Minister for Investment and Foreign Economic Relations, Myanmar, Damien O'Connor, Minister of State for Trade and Export Growth, New Zealand, Ramon M. Lopez, Secretary of Trade and Industry, Republic of the Philippines, Chan Chun Sing, Minister for Trade and Industry, Singapore, Jurin Laksanawisit, Deputy Prime Minister and Minister of Commerce, Thailand, Tran Quoc Khanh, Deputy Minister of Industry and Trade, Ministry of Industry and Trade,Viet Nam (representing Tran Tuan Anh, Minister of Industry and Trade, Viet Nam) andDato Lim Jock Hoi, Secretary-General of ASEAN.

Following is the Joint Statement issued after the meeting:

The Ministers from the 16 RCEP Participating Countries (RPCs) gathered in Bangkok on 8 September 2019 for the 7 th RCEP Ministerial Meeting to review developments in the RCEP negotiations since the Ministers last met in Beijing on 2-3 August 2019. The Meeting was chaired by Jurin Laksanawisit, Deputy Prime Minister and Minister of Commerce of Thailand.

The Ministers recognised that negotiations have reached a critical milestone as the deadline for the conclusion of negotiations draws near. Notwithstanding the remaining challenges in the negotiations, RPCs are working on addressing outstanding issues that are fundamental to conclude the agreement this year as mandated by the Leaders.

Continuing uncertainties in trade and investment environment have dampened growth outlook across the world, with likely impact on businesses and jobs, adding to the urgency and imperative of concluding the RCEP. While noting that certain developments in the global trade environment may affect RPC's individual positions in the course of the negotiations, Ministers agreed that RPCs should not lose the long-term vision of deepening and expanding the values chains in the RCEP. The Ministers underscored that, successfully concluded, the RCEP will provide the much-needed stability and certainty to the market, which will in turn boost trade and investment in the region. To this end, Ministers reaffirmed their collective resolve to bring negotiations to a conclusion.

The Ministers committed to avail negotiators with the necessary resources and mandate to bring negotiations to a close. The Ministers made the collective call to negotiators at all levels to translate this commitment into constructive actions and positive outcomes.