96A 4th Avenue AF-block,Anna Nagar (W),Ch-40.Shanti Clny Rd [Adj.SBI RETAIL BANKING BRANCH].
Recently, the 7th Regional Comprehensive Economic Partnership (RCEP) Ministerial Meeting was held in Bangkok to review developments in the RCEP negotiations.
Advantages of RCEP for India
However, these are just stated benefits, the Indian domestic industry is lobbying against RCEP, due to disadvantages emanating from RCEP.
Should India Quit RCEP?
The RCEP can be a stepping stone to India’s Act East Policy, but at a time of growing protectionism and the US-China trade war, opening our market to China (through RCEP) can prove to be disastrous, given the structural issues in the Indian market.
Hence, it is important that India focuses on resolving the structural issues in the domestic market, before concluding the RCEP negotiations.
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