Pulling out of RCEP not just an economic decision

Prime Minister Narendra Modi exercised sound political judgement in deciding to keep India out of the Regional Comprehensive Economic Partnership or RCEP, right in the middle of the Bangkok meet called to seal the seven-year old negotiations. This was a big decision. The RCEP is no ordinary free trade agreement. This could be the largest regional trade agreement in the world involving 16 countries from Southeast Asia and East Asia, as well as China, Australia and New Zealand. If India had joined the pact, the RCEP would have encompassed half of the world’s population and 35 per cen.....

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