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PM expresses India's commitment to RCEP

Press Trust of India  |  Manila 

Prime Minister Modi today expressed India's commitment for the Regional Comprehensive Economic Partnership or RCEP, a grouping of 16 leading nations which are trying to create one of the largest regional trading blocs globally through an ambitious trade deal.

The prime minister articulated India's position about RCEP as well as its various aspects.

"The prime minister reiterated India's commitment to RCEP and the need for a balanced outcome," Secretary (East) at the External Affairs Ministry Preeti Saran told reporters.

The meeting of the RCEP leaders took place here on the sidelines of the summit.

The RCEP, comprising 10-member bloc and six other countries -- India, China, Japan, South Korea, and New Zealand, is engaged in negotiations for a pact.

The RCEP negotiations were launched by leaders from 10 member states and six ASEAN FTA partners during the 21st ASEAN Summit in Phnom Penh in November 2012.

The objective of launching RCEP negotiations is to achieve a modern, comprehensive, high-quality, and mutually beneficial economic partnership agreement among the ASEAN member states and ASEANs FTA partners.

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

First Published: Tue, November 14 2017. 22:42 IST