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RCEP nations want 2019 as deadline for early conclusion of pact

The summit saw nations affirm that 'talks are at final stage'

PM Narendra Modi (left) and US Vice-President Michael Pence in Singapore on Wednesday (Photo: PTI)
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PM Narendra Modi (left) and US Vice-President Michael Pence in Singapore on Wednesday (Photo: PTI)

Subhayan Chakraborty New Delhi
Prime Minister Narendra Modi on Wednesday joined leaders from nations to discuss the Regional Comprehensive Economic Partnership (RCEP) pact for its early conclusion by 2019.

At the leaders summit of the RCEP nations in Singapore, he reaffirmed India's commitment to a modern, comprehensive, high-quality and mutually beneficial economic partnership agreement. However, India has crucial differences on tariff reduction, market access, and services trade norms, such as the free movement of trained professionals with other nations.

So, Modi stressed upon India’s latest position — that of a request for more time to decide on tariff rates, especially with the upcoming elections in 2019

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