Comprehensive Economic Partnership Agreement (CEPA)
- The Comprehensive Economic Partnership Agreement (CEPA) is a type of free trade pact that covers negotiation on various aspects of trade, including goods, services, investments, intellectual property rights, and other related issues. It is a comprehensive agreement aimed at promoting bilateral trade and economic cooperation between the participating countries.
- CEPA negotiations typically cover a wide range of sectors, including agriculture, manufacturing, services, and investments. The agreement aims to eliminate or reduce trade barriers such as tariffs, quotas, and non-tariff barriers, thereby facilitating the flow of goods and services between the participating countries.
- CEPA agreements also address issues related to intellectual property rights, competition policy, government procurement, and dispute settlement mechanisms. These agreements provide a framework for enhancing economic integration, promoting market access, and facilitating business opportunities for companies from both countries.
- CEPA agreements are usually negotiated between two or more countries and involve extensive consultations and negotiations to address the interests and concerns of all participating parties. The negotiations may take several rounds before reaching a final agreement.
- CEPA agreements have the potential to boost trade and investment between the participating countries, leading to increased economic growth, job creation, and enhanced competitiveness. They also promote economic cooperation, exchange of technical know-how, and sharing of best practices in various sectors.
- CEPA agreements are not limited to negotiation on services alone. They cover a wide range of trade-related issues, including goods, services, investments, and intellectual property rights.
India-Malaysia CEPA
- India has not signed a Comprehensive Economic Partnership Agreement (CEPA) with Malaysia. As of now, India has not entered into a CEPA agreement with any country.
- However, India and Malaysia have had discussions on enhancing bilateral trade and economic cooperation through various means, including the negotiation of a bilateral free trade agreement (FTA). These discussions aim to address trade barriers and promote trade and investment between the two countries.
- It is important to note that CEPA agreements are negotiated between countries and the decision to enter into such an agreement depends on multiple factors, including the economic and political interests of the participating countries.
Conclusion
- In conclusion, the given statements are incorrect. The Comprehensive Economic Partnership Agreement (CEPA) is not limited to negotiation on services alone, and India has not signed a CEPA agreement with Malaysia. CEPA agreements cover a wide range of trade-related issues and aim to promote bilateral trade and economic cooperation between participating countries.