The agreement also touches on services and on protecting intellectual property
Japanese Trade Minister Hiroshi Kajiyama said Tuesday that Tokyo would work toward a deal including India
Chinese president says he will further open country's economy, day after India decided not to join the RCEP trade deal.
PM Modi's decision not to join RCEP is an admission that even the prospect of joining a massive regional trade agreement isn't incentive enough for New Delhi to launch deep economic reforms.
India pulled out of the deal saying it wanted to protect service workers and farmers
Data from exchanges showed that Jhunjhunwala bought 12.9 million shares of YES Bank at price of Rs 67 apiece in a bulk deal on the BSE
The latest twist in India's policy on foreign trade may, however, benefit the US
In recent months serious apprehensions and reservations on RCEP have been expressed by a large number of sectors including steel, plastics, copper, aluminium, machine tools, paper, auto, and others.
The experts stated that the government's decision to not join this pact vindicates the concerns of domestic industry from sectors such as dairy and metal
Fifteen other nations, however, went ahead with the deal after the conclusion of the summit in Bangkok, which was also attended by Prime Minister Narendra Modi
Modi decided not to join the deal in order to protect service workers and farmers
'India had significant issues of core interest that remain unresolved' MEA said.
In his meeting with Phuc, the prime minister discussed ways to further bolster bilateral strategic cooperation between India and Vietnam
PM Modi is said to have stated that in its present form, the agreement does not fully reflect the basic spirit and the agreed guiding principles of RCEP
The statement came days after PM Modi said a mutually beneficial RCEP, in which all sides gain reasonably, is in interests of India and of all the partners
Sources also added that overall, we are clear that a mutually beneficial RCEP, in which all sides gain reasonably, is in interests of India and of all partners in the negotiations.
'RCEP will flood India with cheap goods, resulting in millions of job losses & crippling the Indian economy,' Gandhi said
If we believe it's time for India to transform itself into to a developed country, with the aspiration of a $ 5 trillion economy, then we ought to get over this protectionist mindset
New demands from India have left RCEP officials scrambling to salvage progress
Deadline set to be extended by a few months