Rcep Deal

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

India's decision to opt out of the trade bloc RCEP was strategically sound as the country has the largest trade deficit and trust issues with China, think tank GTRI said on Friday. India's trade deficit with China stood at over USD 85 billion in FY2024. "Had India joined RCEP, the situation could have worsened drastically, as it would face zero-tariff imports from China, risking further imbalance," the Global Trade Research Initiative (GTRI) said. In 2019, India announced that it would not join the China-backed mega free trade agreement -- Regional Comprehensive Economic Partnership (RCEP) as negotiations failed to address New Delhi's outstanding issues and concerns. "India's decision to opt out of the RCEP was strategically sound, as subsequent developments have validated its concerns over potential economic imbalances, which increasingly favours China over other member nations," GTRI founder Ajay Srivastava said. The remarks assume significance as Niti Aayog CEO BVR Subrahmanyam

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

Cheap Chinese exports prompt 'protectionist' response from Southeast Asia

Economic discontent towards China has intensified in Southeast Asia as Chinese companies with surplus inventory are selling goods at give-away prices

Statsguru: Neighbourhood ties weaken as global economic partnerships evolve

The share of its neighbours in India's trade shows signs of weakening from an already low base amid a review of regional trade agreements

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

Trade potential

India should reconsider its Rcep decision

Exports: Has white-collar success trumped India's blue-collar viability?

If India were trading in only goods, a massive deficit of about $150 bn would have forced down the rupee's value, making Indian manufactured goods cheaper in export markets, writes T N Ninan

RCEP makes US, and India rethink joining trade deals

India has been allowed to join the RCEP anytime and in the meantime participate in meetings as 'observer'

RCEP with China, minus India: Is the trade deal a threat or opportunity?

In this podcast, Business Standard's Subhomoy Bhattacharjee explains what is RCEP, how will it benefit member nations, why did India pull out of RCEP and more

Explained: RCEP, a free trade agreement that could become the largest ever

The Regional Comprehensive Economic Partnership (RCEP) will progressively lower tariffs and aims to counter protectionism

India, Australia and Japan to form pact on supply-chain resilience

The arrangement will in the long term act as a counterweight to current and proposed trading arrangements in the Asia-Pacific region, officials said

As standoff persists, a US-India trade deal is unlikely during Trump visit

With deadlock persisting on a host of issues, US-India trade deal is uncertain

Open to join RCEP in future if we get favourable offers: Govt

Piyush Goyal said India was exploring trade agreements with the United States and the European Union to allow manufacturing and services sectors to benefit from access to large developed markets

Asean Secretariat invites India to resolve RCEP concerns next month in Bali

India at a meeting in November last year in Bangkok decided to withdraw from this mega free-trade agreement as its concerns were not addressed adequately by the RCEP

Leaving RCEP: A missed opportunity?

India could have expanded trade and exported more to current partners if it had chosen to stay in the partnership

RCEP offers $125-bn market if domestic firms improve competitiveness: Study

Being the fourth largest exporter of bovine meat, India can help it grab a $11-billion market in select RCEP countries, says the WTC

Will not sign FTA in a hurry to avoid RCEP-like impasse: Piyush Goyal

On November 4, Prime Minister Narendra Modi announced in Bangkok that India will not join RCEP as negotiations failed to address New Delhi's "outstanding issues and concerns"

Joining RCEP would have hurt India's interests, says Piyush Goyal

Being the basic framework of the RCEP deal, the FTA with the 10-nation grouping came into effect in 2010

Back to square one on trade strategy

What's the strategy to revive the economy? Mere fundamentals will not do the trick

Letters to BS: Indian companies must practise what we preach to others

Indian firms wishing to do business abroad must meet internationally accepted standards and have the ability/capacity to adhere to the laws as well as the regulatory requirements in those countries