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Why India Is Wise Not To Join RCEP
India should buy itself some time to fix domestic problems before further opening up to trade, write Hugo Erken and Michael Every.
28 Dec 2020, 08:56 AM IST
On Nov. 15, the Regional Comprehensive Economic Partnership or RCEP was signed, an Asian-Pacific free-trade agreement that will probably become effective sometime in mid-2021. The agreement has been signed by 15 countries: all 10 ASEAN countries, Australia, China, Japan, South Korea, and New Zealand. Covering roughly 30% of global population and GDP, it is easily the largest FTA in the world.
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