GS-2, International Relations, Uncategorized

India Exits RCEP

Recently, India decided to opt-out of the 16-nation Regional Comprehensive Economic Partnership (RCEP) trade deal. India held that it will not become part of RCEP until “significant outstanding issues” are resolved. The RCEP negotiations were kick-started during the 21st ASEAN Summit in Cambodia in November 2012 and all participating countries sought to finalise and sign a deal by 2020.… Continue reading India Exits RCEP

GS-2, International Relations, Uncategorized

Significance of RCEP for India?

Regional Comprehensive Economic Partnership (RCEP) is a proposed free trade agreement (FTA) between – The 10 members of ASEAN Additional members of ASEAN +3 = China, Japan, South Korea Members with which ASEAN countries have FTA = India, Australia, New Zealand RCEP includes more than 3 billion people, has a combined GDP of about $17… Continue reading Significance of RCEP for India?