India Pulls Out of RCEP

On 4 November, 2019, India decided not to join the Regional Comprehensive Economic Partnership (RCEP) trade deal in the RCEP Summit in Bangkok as it did not get any “credible assurance for India on market access and non-tariff barriers”. The rest 15 countries decided to move ahead at the insistence of China.

Regional Comprehensive Economic Partnership (RCEP)

  • The RCEP agreement is being negotiated among 10 ASEAN members (Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand, and Vietnam) and their six trade partners -- Australia, China, India, Japan, Korea and New Zealand.
  • The agreement aims to cover issues related to goods, ....
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