Last week, after eight years of negotiations, 10 countries of the ASEAN (Association of South East Asian Nations) plus China, Japan, South Korea, Australia, and New Zealand signed the Regional Comprehensive Economic Partnership (RCEP) Agreement to eliminate tariffs progressively over a period of 20 years. This could cause a rethink on the part of India on joining the RCEP and on the part of the US to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP).
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First Published: Sun, November 22 2020. 23:47 IST