India's reluctance in joining the RCEP — A boon or a bane in the long-run?
After eight years of negotiation, 15 Asian-Pacific economies including China, Japan, South Korea, Australia, New Zealand and ten members of the Association of South East Asian Nations (ASEAN) concluded the Regional Comprehensive Economic Partnership (RCEP) Agreement during a virtual signing ceremony on the occasion of the 37 th ASEAN Summit in Hanoi, Vietnam, on 15 November 2020. This agreement covers almost a third of the world’s population — two billion people — and nearly a third of the global GDP — 28.9 percent. The negotiations concerning RCEP included trade in goods, services an...
Source: orfonline.org