Countries that have signed the RCEP agreement can start negotiations with India for joining the pact once New Delhi submits a written request stating its intention for the same
15 nations seek to announce the agreement by the end of this week's Asean Summit, which Vietnam is hosting virtually
China is already the biggest source of imports and destination for exports for would-be RCEP members
India should focus on exports for growth
The SJM lobbied vigorously against the RCEP that culminated in an 11-day national protest in October 2019
Govt had earlier criticised free trade deals for boosting cheap imports into the country
India needs to focus on manufacturing competitiveness, rather than building domestic supply chains in their entirety
Vietnamese Minister of Industry and Trade Tran Tuan Anh will chair the ministerial meeting on Regional Comprehensive Economic Partnership (RCEP)
Economic delinking with China makes no sense for India; investment, growth and public welfare will suffer
New Delhi must pursue strategies that will enable it to take its place in an interconnected world
After a riposte to China's bullying tactics, India must now focus on the economic pillar of the Indo-Pacific strategy
India can't afford to ignore RCEP
External affairs ministry opposes India joining it, but commerce dept open to studying new proposal
Arvind Panagariya also pointed out that Covid-19 pandemic may lead to integration of global labour market
NIPFP's Rathin Roy said that providing income support and preventing wealth disruptions is a necessary requirement in the current situation.
Here are the top 10 business headlines this morning
The minister said India gives importance to 'the fair dealing and the reciprocity' while signing any multilateral agreements.
Tackling Covid-19 should open the door for urgent economy-wide reforms
In the long term, however, we reaffirmed the importance of robust global supply chain
Jaishankar said obviously in a globalised world, no economy can be an island unto itself