Opinion | Time govt improved competitiveness in domestic businesses3 min read 06 Nov 2019, 12:00 AM IST
The most controversial of concerns raised by India was liberalization of tariffs
Leaders of the 16 countries negotiating the Regional Comprehensive Economic Partnership (RCEP) had met in Bangkok to give the final push to the largest mega regional free trade agreement, which did not happen after India had made a strong pitch to get its many concerns addressed. The Joint Leaders’ Statement issued at the end of the summit acknowledged that “India has significant outstanding issues, which remain unresolved". It went on to say that all “RCEP participating countries will work together to resolve these outstanding issues in a mutually satisfactory way. India’s final decision will depend on satisfactory resolution of these issues". However, it did not provide any indication about the timeframe within which issues facing India would be resolved.