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What is RCEP

RCEP

About RCEP

What is RCEP

The Regional Comprehensive Economic Partnership (RCEP) is a proposed agreement between the member states of the Association of Southeast Asian Nations (Asean) and its free trade agreement (FTA) partners. The pact aims to cover trade in goods and services, intellectual property, etc.
 
When was RCEP introduced?
 
The Regional Comprehensive Economic Partnership was introduced during the 19th Asean meet held in November 2011. The RCEP negotiations were kick-started during the 21st Asean Summit in Cambodia in November 2012. Now, all participating countries aim to finalise and sign a deal by November 2019.
 
Member states of Asean and their FTA partners are Brunei, Cambodia, Indonesia,
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Latest Updates on RCEP

India's decision to opt out of RCEP agreement strategically sound: GTRI

"Had India joined RCEP, the situation could have worsened drastically, as it would face zero-tariff imports from China, risking further imbalance," GTRI said

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Updated On : 08 Nov 2024 | 6:39 PM IST

India should join China-backed Asian trade bloc, says NITI Aayog CEO

In 2019, India decided to not join the bloc, on the grounds that the deal would hurt its farmers, businesses, workers and consumers

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Updated On : 07 Nov 2024 | 2:17 PM IST

India needs more trade, and being inside RCEP is better than staying out

While India's growth over the past decades has appeared impressive, the contribution of trade to that acceleration has been small and is decreasing

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Updated On : 09 Sep 2024 | 8:47 AM IST

Rediscovering integration: World Bank argument on trade is worth hearing

Besides the argument that India must re-evaluate its approach to trade pacts, including the RCEP, other in-progress deals like those with the EU and the UK, must be the targets for political attention

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Updated On : 04 Sep 2024 | 9:28 PM IST

World Bank's suggestion to join RCEP based on flawed projections: GTRI

For developing countries like India, policy decisions must be rooted in real-world data and a thorough understanding of the long-term implications, it said

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Updated On : 04 Sep 2024 | 11:36 PM IST

Sri Lanka & Bangladesh look east

The shifting sands of the South Asian trade landscape may be worthy of some serious reflection for India's regional trade strategy

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Updated On : 24 Apr 2024 | 11:12 PM IST

A requiem for the WTO

Despite its benefits to global prosperity, the WTO may be on its last legs, unless something changes dramatically

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Updated On : 03 Apr 2024 | 11:35 PM IST

Trade policy calibrated with growth but open for expansion: Piyush Goyal

At Business Standard Manthan, Piyush Goyal added that in America and Europe, there are still high duties for several products

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Updated On : 28 Mar 2024 | 12:12 PM IST

Aatmanirbhar Bharat successful because India stayed out of RCEP: Mahajan

We are not against foreign trade, and neither are we against agreements. But we need to ensure that whatever agreements we sign with other countries are in the best interests of our country, he said

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Updated On : 08 Jan 2024 | 12:05 AM IST

India evaluating implications of FTA as Bangladesh mulls RCEP membership

India is worried because of Bangladesh's greater dependence on China for imports as compared to India and fears it can become an issue if Bangladesh joins RCEP

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Updated On : 24 Dec 2023 | 11:31 PM IST

Will India reassess its position on China-backed Asian trade bloc RCEP?

However, that Sri Lanka and Bangladesh are veering towards the RCEP compounds an already complex situation for India

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Updated On : 04 Dec 2023 | 10:49 PM IST

ASEAN wants India to join RCEP for greater market access: Secretary-General

Dr Kao said joining the Regional Comprehensive Economic Partnership (RCEP) would benefit India as the agreement would provide greater market access

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Updated On : 21 Nov 2023 | 12:37 PM IST

Piyush Goyal quizzes Chinese trade minister Showen on dumping of goods

He asked Chinese Vice Trade Minister, Wang Shouwen, whether China regretted that India did not join the Regional Comprehensive Economic Partnership (RCEP)

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Updated On : 26 Aug 2023 | 1:37 PM IST

New Zealand seeks trade with India outside FTA, milk: Damien O'Connor

'We are very big in wood logs, which is among the single biggest items of export to India'

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Updated On : 22 Sep 2022 | 10:48 PM IST

Staying out of IPEF's trade pillar: There are two sides to this debate

There is no meeting ground between politics which is looking at the elections this year, and economics, which is looking at the next decade

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Updated On : 14 Sep 2022 | 2:37 PM IST

India opts out of joining IPEF trade pillar, to wait for final contours

India to wait for final contours before formally associating with IPEF trade pillar, says Goyal

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Updated On : 10 Sep 2022 | 12:32 PM IST

India-US Trade Policy Forum meeting expected soon, says Piyush Goyal

Asserts Indian exports not impacted by GSP, says India looking to have very contemporary and modern digital laws, while maintaining high levels of data privacy

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Updated On : 09 Sep 2022 | 10:12 PM IST

Macroeconomic challenges revisited

Policies are moving in the right direction, but vulnerabilities remain

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Updated On : 10 Aug 2022 | 10:50 PM IST

Limited gains

India should review its position on RCEP

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Updated On : 04 Apr 2022 | 11:58 PM IST

India is open for biz; to expand global footprint, says Piyush Goyal

PM Modi's government looks at a trade deal very seriously, examining its potential for the next 50 years, says Goyal

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Updated On : 04 Apr 2022 | 6:10 AM IST