The Regional Comprehensive Economic Partnership (RCEP) and the Trans-Pacific Partnership (TPP) are not necessarily two contending trade liberalising models, but their import and arrival have posed stiff political challenges for many countries, including China and India, Asia’s two heavyweights. With these two initiatives, the regional trade of Asia is entering an interesting phase of liberalisation and integration.
A Year-end Security Review of Southern Asia
It has been a year of unstable regional security with the endless conflict in Afghanistan, Pakistan’s half-hearted struggle against the remnants of the al Qaeda, Sri Lanka’s inability to find a lasting solution to its ethnic problems and Nepal’s new found inclination to seek neutrality between India and China.