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
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
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
Among these issues, six are specific to India and that includes data related matters under e-commerce; auto trigger concept which can be used to stop sudden surge in imports
Representatives of the PHD Chamber of Commerce, exporters, activists and experts attended the meeting
The progress of negotiations were reviewed during a meeting of all the trade ministers of 16 countries in Cambodia, which concluded Saturday
Next round of meeting at chief negotiators level is scheduled to be held in Auckland later this month
RCEP trade ministers adopted a joint proposal last week to decide on the broad contours of the mega-regional deal by end of 2018
India in RCEP tried to do what the US pulled off with TRIPs in the Uruguay round
India is pushing for a deal in the services sector, where it is in a leadership position
Measures could increase chances of foreign firms initiating legal action against India
Possible drastic cutdowns in agricultural tariffs and investment norms that increase chances of legal actions by foreign firms against India have been flagged as serious concerns by civil society groups in the ongoing negotiations for the Regional Comprehensive Economic Partnership (RCEP).On Wednesday, civil society groups across a wide spectrum of industries laid forth a host of concerns regarding the 19th round of RCEP negotiations which began on Tuesday in Hyderabad.RCEP is a proposed free trade agreement (FTA) between the 10 countries of the Association of Southeast Asian Nations (Asean) and six others with which this bloc has FTAs - Australia, China, India, Japan, South Korea, and New Zealand. The current round of negotiations is expected to see members finalising the broad contours of the agreement. However, with most chapters on goods trade yet to see full discussions, members may make their second round of offers on tariff reduction, a senior government official recently said .