In the process of evolving comparative advantage, some sectors will lose out. This, however, is not typical of FTAs but of all trade
The basic building block of the proposed RCEP - the Asean FTA - continues to be one-sided
If we go on being inward-looking, how will the system open up? Those that are not competitive locking competitive ones out of markets cannot be a way to get to the $5-trn dream, writes T N Ninan
Now, RCEP will incur the costs of losing the Indian market which was the only worthwhile market
India says supports FTA talks with EU after refusing to join China-led accord
If we believe it's time for India to transform itself into to a developed country, with the aspiration of a $ 5 trillion economy, then we ought to get over this protectionist mindset
Addressing a state consultation workshop on Make in India, the minister said India would enter into any FTA or comprehensive partnership on its own terms
India, which has raised some tariffs under Prime Minister Narendra Modi, has long been the main holdout on an RCEP deal due to strong domestic opposition
In June, the US terminated India's designation as a beneficiary developing nation under the key GSP trade programme
The economy needs changes that can't be made overnight; without them, it will continue to under-perform, whether India signs up for RCEP or not. Work should have started 7 years ago, writes T N Ninan
Or is this a pipe dream with severe unintended consequences?
Providing market access to New Zealand in particular could wipe out their livelihoods
Shahi Exports MD, Harish Ahuja tells Business Standard the government needs a free trade agreement with Europe fast to ensure a level-playing field with Bangladesh and Vietnam
Here's a selection of Business Standard opinion pieces for the day
India is under increasing pressure to complete negotiations and decide on whether it will be part of RCEP.
Goyal says free trade pact can't be held hostage by one or two domestic industries
From RBI making it mandatory to link all fresh retail loans to an external benchmark to the FinMin crunching numbers to estimate revenue loss from GST rate cuts, here are today's top business news
After repeated overtures from Trump administration, India has told the US that it was unwilling to discuss a full FTA
New Delhi resisted calls by most nations, which argued that India should slash existing tariffs on up to 90% of all goods
The signing comes amid worldwide trade turmoil, with a dragging US-China row and Britain's impending exit from the European Union casting a dark cloud over global growth