RCEP Trade Ministers

In this podcast, Business Standard's Subhomoy Bhattacharjee explains what is RCEP, how will it benefit member nations, why did India pull out of RCEP and more

Fifteen other nations, however, went ahead with the deal after the conclusion of the summit in Bangkok, which was also attended by Prime Minister Narendra Modi

Modi and his ministers are now selling his refusal to join RCEP as a victory for India's poor

On India-ASEAN summit, Modi said the focus will be on deepening economic partnerships

If finalised, the RCEP deal will facilitate creation of the biggest free-trade region in the world

Among other issues, Commerce and Industry Minister Piyush Goyal will be under pressure in Bangkok to negotiate a proposed import cap for China, which has been strongly resisted by Beijing

Technically, India will have time till the end of February 2020 to sort out bilateral market access issues

The trade ministers of the 16-member RCEP had urged participating countries to continue to exert all efforts towards meeting the targets set in the package of year end deliverables