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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

RCEP
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The 15-member RCEP group signed a major China-backed trade pact on Sunday. Photo: Reuters

Subhomoy Bhattacharjee New Delhi
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

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