Mega free trade agreement likely to be a closed chapter for India

Examining instead Japan-India-Australia Supply Chain Resilience Initiative for free, transparent trade and investment

The Indian government does not expect to sign the Regional Comprehensive Economic Cooperation (RCEP) agreement ever, despite the open invitation from the 15-member group.
 

“We see more value in the trilateral Supply Chain Resilience Initiative (SCRI) to cut our dependency on China,” said a top government source commenting on the signing of the RCEP on Sunday.
 

“We are not going to stay out of a trade bloc,” the source said. India shall not, however, issue any statement on the signing of the RCEP deal. It is quite a political distance from last year when at about the same time in