India has expressed reservations on joining the pr... moreIndia has expressed reservations on joining the proposed Regional Comprehensive Economic Partnership (RCEP), which would include the ASEAN nations and six other countries, citing a widening trade deficit with China. India’s rival provides support to its industry, which makes it hard for our manufacturers to compete with their firms. Opening our markets further could hurt the interests of our companies. Also, India already has a free-trade arrangement with the ASEAN nations. In that light, it is unclear how significantly this fresh agreement would help. Therefore, policymakers must deliberate carefully before taking the plunge.
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