PM Modi In Thailand Live Updates: Ahead Of Key RCEP announcement, PM Modi Meets Japan's Shinzo Abe

PM Modi is also  scheduled to meet Japanese Prime Minister Shinzo Abe this morning and he will later attend the 14th East Asia Summit. 

PM Modi In Thailand Live Updates: Ahead Of Key RCEP announcement, PM Modi Meets Japan's Shinzo Abe

PM Modi began his three-day visit to Thailand on Saturday.

Prime Minister Narendra Modi, who is on a three-day Thailand visit, will attend Regional Comprehensive Economic Partnership (RCEP) Summit today where the member countries will review the state of negotiations  on forging what could become the world's largest trade bloc. RCEP is a proposed free trade agreement among 10 ASEAN countries, namely Brunei, Cambodia, Indonesia, Malaysia, Myanmar, Singapore, Thailand, the Philippines, Laos and Vietnam and their six FTA partners China, Japan, India, South Korea, Australia and New Zealand.

Ahead of Prime Minister Modi's departure to Bangkok for a three-day visit, the Ministry of External Affairs had said that the Indian negotiators are resolving critical outstanding issues pertaining to the RCEP trade deal to ensure it is fair and transparent.

"There are some critical issues that are still outstanding; efforts are being made to resolve them to provide a fair and transparent trading environment. These issues are extremely important for our economy and livelihood of our people," Secretary (East) in Ministry of External Affairs Vijay Thakur Singh said.

PM Modi is also  scheduled to meet Japanese Prime Minister Shinzo Abe this morning and he will later attend the 14th East Asia Summit. The agenda of the meet would be to review the future direction of East Asia cooperation and exchange views on regional and international issues.

Here are the live updates on PM Modi's visit to Thailand:

Nov 04, 2019 14:58 (IST)
Nov 04, 2019 13:37 (IST)
When finalised, the RCEP would become the world's largest free trade area, comprising half of the world population and will account for nearly 40 per cent of the global commerce and 35 per cent of the GDP.

Nov 04, 2019 13:27 (IST)
RCEP Talks "Conclusive," Says Thailand Ahead Of Key Summit
Thailand said on Monday that Asian countries had held conclusive talks on what could be the world's biggest trade pact and there would be an announcement of success at a summit in Bangkok despite doubts raised by India. Spurred in part by the US-China trade war, Southeast Asian countries hoped to announce at least provisional agreement on the China-backed 16-nation Regional Comprehensive Economic Partnership (RCEP) on Monday. "There will be an announcement together on the success of the RCEP agreement by the leaders later today. India is part of this as well and will jointly make the announcement. The signing will be next year,"it said.Read here
Nov 04, 2019 13:23 (IST)
"Greater Momentum To Cooperation With Japan," Tweets PM As He Meets Shinzo Abe
PM Modi met Japan's Shinzo Abe ahead of key announcement on RCEP deal, which will be world's biggest trade pact once finalised. During his meeting, PM Modi he eagerly looked forward to welcoming Prime Minister Abe in India next month for India-Japan Annual Summit. "The leaders welcomed that the inaugural 2+2 Foreign and Defence Ministerial Dialogue will take place later this month in India. They agreed that the Dialogue will help provide impetus to the bilateral security and defence cooperation between the two sides," the government said in a press statement. 

Nov 04, 2019 10:36 (IST)
India Is Going To Talks On Asia-Wide Trade RCEP Deal, Says Australia's Trade Minister
India is going to continue talks on an Asia-wide trade deal that is being discussed at a summit of regional leaders in Bangkok and which Thailand has said will be signed next year, Australia's trade minister said on Monday.

"My understanding is... that India is going to continue discussions and negotiations. Our door is always open to India," Australia's Minister for Trade Simon Birmingham told reporters in Bangkok when asked whether India would sign-on to the RCEP, news agency Reuters reported. 

The comments threw new doubt over the participation of India in the China-backed 16-nation Regional Comprehensive Economic Partnership (RCEP) despite a Thai official saying that India was part of the agreement.
Nov 04, 2019 10:16 (IST)
PM Modi Meets Japanese PM Shinzo Abe
Nov 04, 2019 09:57 (IST)
PM Modi arrives at Impact Exhibition and Convention Centre, news agency ANI reports
Nov 04, 2019 08:56 (IST)
"Best Time To Be In India": PM Modi On Day-2 Of Thailand Visit
Addressing a business event in Thailand on Sunday, PM Modi said: "This is the best time to be in India".  "India received 286 billion US dollar FDI (Foreign Direct Investment) in the last five years. This is almost half of the total FDI in India in the last twenty years," he said while speaking at a business event in Bangkok.

"We are among the top 10 FDI destinations. India has jumped 79 places in World Bank's Ease of Doing Business in the last five years," he added.

"I say this with full confidence - this is the best time to be in India," PM Modi said. He was speaking at an event hosted to mark the golden jubilee celebrations of the Aditya Birla Group. Read here
Nov 04, 2019 08:54 (IST)
On Sunday, PM Modi addressed the Asean Summit. "ASEAN is the integral part of our Act East Policy and will always be. An integrated and progressive ASEAN will favour India. We want to strengthen our partnership on maritime security, blue economy and human co-operation on several other such issues," he said. 

Nov 04, 2019 08:49 (IST)
PM Modi will also attend a special lunch on Sustainable Development. He is also scheduled to depart from Don Mueang International Airport Bangkok to Delhi at 10 pm (local time). 
Nov 04, 2019 08:49 (IST)
In Thailand, PM Modi To Attend Several Bilaterals Today
PM Modi is also scheduled to attend several bilaterals including Vietnam Prime Minister Nguyen Xuan Phuc, Prime Minister Shinzo Abe and Australia Prime Minister Scott Morrison. He will also attend a special lunch on Sustainable Development.

Nov 04, 2019 08:47 (IST)
Thailand Says "Committed To Sign RCEP Deal By 2020"
Ahead of the key RCEP summit, Thailand on Sunday that the 10-nation grouping welcomed a "commitment to sign the RCEP Agreement in 2020". "This will significantly contribute to an open, inclusive and rules-based international trading system and expansion of value chains.". India has held on to its demands of amicable resolution of market access and tariff related issues. Read here