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India to positively engage, but wants RCEP to be equitable

Press Trust of India  |  New Delhi 

said today it will positively engage in the negotiations of the proposed Regional Comprehensive Economic Partnership trade deal but wants it to be equitable and mutually acceptable, a said today.

The RCEP is a proposed agreement between the 10 nations - Thailand, Vietnam, Indonesia, Malaysia, the Philippines, Singapore, Myanmar, Cambodia, and - and Australia, China, India, Japan, and New Zealand.

Twenty rounds of negotiations for the deal have concluded, but the 16 participants are yet to resolve issues, including on reaching the final number of goods on which taxes will be eliminated and on matters pertaining to the services sector.

"In any negotiation, we must remember that it has to be equitable and mutually acceptable. We participated in RCEP negotiations in the hope of a balanced and equitable outcome - where there is positives on both sides. We will remain positively engaged in the negotiations and hope for a positive outcome," Preeti Saran, (east), in the Ministry of External Affairs told reporters here.

Talks for the pact had started in Cambodian capital Phnom Penh in November 2012.

has already implemented a agreement with the grouping, and And, it was negotiating similar agreements with and

Saran said will be happy to review the agreement with in the next round of discussion.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, January 10 2018. 21:35 IST