Saturday, December 13, 2025 | 10:10 AM ISTहिंदी में पढें
Business Standard
Notification Icon
userprofile IconSearch

India's RCEP foray may prove disastrous for domestic industry: Expert

The limited number of industries that have called for India to join RCEP need to address their own structural issues.

Illustration by Ajay Mohanty
premium

Illustration by Ajay Mohanty

Subhayan Chakraborty New Delhi
At a time when exports continue to struggle with an economic slowdown and a global trade war, India's foray into the Regional Comprehensive Economic Partnership (RCEP) deal may prove disastrous for domestic industry, says senior trade policy expert and Professor at Jawaharlal Nehru University, Biswajit Dhar. Involved in crafting multiple trade deals over the past two-decades, he tells Subhayan Chakraborty that India has tried the same concept earlier, with little result. Edited excerpts:


How different is RCEP from any of the earlier bilateral or multilateral trade deals India has signed till now?
 
Firstly, India already has trade agreements with 12 of