Union Finance Minister Nirmala Sitharaman said on Saturday that India did not join the Regional Comprehensive Economic Partnership (RCEP) as the offer “was not as much as our aspirations.”
The RCEP negotiations were launched by ASEAN leaders and six other countries during the 21st ASEAN Summit in Phnom Penh (Cambodia) in November 2012. The objective of launching RCEP negotiations was to achieve a modern, comprehensive, high-quality, and mutually beneficial economic partnership agreement among the ASEAN member-states and their FTA partners.
She also said that she held discussions with credit rating agencies on their methodology to assess risk, in the backdrop of the