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Does India's sudden RCEP pullout reflect a tactical shift in favour of US?

If the US quickly signs a trade deal with India and if India retaliates against Chinese denial of access to Indian goods, the logic of India's retreat from the RCEP will acquire a new dimension

RCEP | RCEP deal | RCEP negotiations

A K Bhattacharya 

A K Bhattacharya

It was a big surprise that the Narendra Modi government on Monday decided not to join the Regional Comprehensive Economic Partnership (RCEP) trade deal. The prime minister was present in Bangkok to take part in the deliberations during the third Summit and India seemed set to join the new trading bloc. But almost at the eleventh hour, India pulled out of it saying that the terms of the new group would adversely affect its national interest. What went wrong at the last minute?



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First Published: Wed, November 06 2019. 00:24 IST