LEAVING RCEP: A MISSED OPPORTUNITY?

By Manmeet Ajmani Vishruta Choudhary & Devesh Roy 

In November 2019, India decided to opt out of the Regional Comprehensive Economic Partnership (RCEP), the latest and the world’s largest trading bloc comprising one-third of global GDP and trade. Indian industries and farmers’ associations have widely hailed this decision.

The government’s reasons for opting out of the RCEP include possible flooding of cheap imports from China, increase in competition for Indian dairy farmers from New Zealand and Australia, and the existing trade deficit of $100 billion with RCEP countries. In this article, we look specifically at ..Read complete article here

This article was originally published in Business Standard on January 16, 2020

Manmeet Ajmani and Vishruta Choudhary are Research Analysts at IFPRI, South Asia Office, New Delhi, Devesh Roy is Senior Research Fellow at IFPRI. Views expressed are their own.