New impetus to reach agreement has come from the US-China trade war, which has helped knock regional economic growth to its lowest in five years.
Not being part of the RCEP will hinder investments from many countries, thus halting its efforts to increase its integration into regional and global chains, CII said.
Indian Prime Minister Narendra Modi did not even mention the RCEP deal in opening remarks at a meeting with Southeast Asian leaders
Deadline set to be extended by a few months
The limited number of industries that have called for India to join RCEP need to address their own structural issues.
OCI card holders can enrol for NPS; 1,000 youth from Asean nations to get post-doctoral seats in IITs
She also said, instead of acknowledging the "severe slowdown" and looking for a comprehensive resolution, PM Narendra Modi is too busy "managing headlines and events"
On India-ASEAN summit, Modi said the focus will be on deepening economic partnerships
We have put forward reasonable proposals in a clear manner and are engaged in negotiations with sincerity, said Modi
If finalised, the RCEP deal will facilitate creation of the biggest free-trade region in the world
Amul Managing Director RS Sodhi told PTI he had a discussion with Goyal on RCEP on Wednesday
The first outcome of these five summits is likely to be a gradual, growing mutual respect between two strong leaders who are strong not just in personality but in action too
Among other issues, Commerce and Industry Minister Piyush Goyal will be under pressure in Bangkok to negotiate a proposed import cap for China, which has been strongly resisted by Beijing
The All India Kisan Sangharsh Coordination Committee said that they will burn effigies depicting the China-backed Regional Comprehensive Economic Partnership or RCEP, to mark their protest
Technically, India will have time till the end of February 2020 to sort out bilateral market access issues
The report by the High Level Advisory Group (HLAG) on growing India's trade, argued despite existing challenges RCEP can be 'particularly beneficial for India
"India can't be isolated. You can't have a situation where you expect all the benefits of multilateralism but will not give any benefit to anyone," Goyal said
From RCEP deal to P Chidambaram's custodial interrogation, here are the top news developments that made headlines today
India, which has raised some tariffs under Prime Minister Narendra Modi, has long been the main holdout on an RCEP deal due to strong domestic opposition
The economy needs changes that can't be made overnight; without them, it will continue to under-perform, whether India signs up for RCEP or not. Work should have started 7 years ago, writes T N Ninan