Agreements signed on defence & energy but long-awaited trade deal remains elusive
China said that the other 15 countries decided to move ahead with the pact and New Delhi was welcome to join RCEP whenever it was ready
Commerce Department officials have argued that India stands to gain little from such a pact, as import duties for goods entering the US are already among the lowest in the world
Here's a selection of Business Standard Opinion pieces for the day
Its refusal to participate in the two says that this country of 1.2 billion people and a $3 trillion economy shies away from playing a major part in shaping Asia's future
In the process of evolving comparative advantage, some sectors will lose out. This, however, is not typical of FTAs but of all trade
India needs an apex body for trade negotiations
The meeting between Modi and Xi in the Brazilian capital comes days after India decided not to join China-backed mega RCEP
Modi decided not to join the deal in order to protect service workers and farmers
If agreeing to RCEP means crossing those lines, I think we should wait, we should rush into an agreement that is going to have such deleterious effects on an industry, which is already crippled
India cannot benefit from any trade deal without first putting its domestic house in order
Trade, especially the Regional Comprehensive Economic Partnership, is also expected to be a focus
Japan taxes imported wine at a rate of 15% or 125 yen ($1.16) per litre, whichever is cheaper, according to the Nikkei
The government had unveiled big plans for the services sector last year
If Beijing needs to compromise to get regional talks across the finish line, so does India
RCEP member nations had decided on a 2017 deadline for reaching a consensus on broad issues
Though new trade deals can spark controversy, it is highly unlikely that protectionism will prevail