Page 19 - வெளிநாட்டு வர்த்தகம் பாலிஸீ News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Advertisement The Regional Comprehensive Economic Partnership (RCEP), a mega free trade agreement (FTA) was signed recently by 15 nations, namely the 10 ASEAN states, Japan, South Korea, China, Australia, and New Zealand. India had decided to walk out of trade pact in November 2019, when Prime Minister Narendra Modi stated: “Whenever I try and gauge India’s interest in light of her joining RCEP, I do not get an answer in the affirmative; neither Gandhiji’s policy of self-reliance nor my wisdom allows me to join RCEP.” India’s decision to exit the mega trade deal was taken after negotiating the deal for seven years in the backdrop of several unresolved issues concerning market access for China, non-tariff barriers faced by Indian exporters, services trade, and rules of origin criteria, among other issues. While India was often tagged as the “troublemaker” in the deal negotiations, Indian policymakers stood their ground firmly when it came to the interests of domestic

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