RCEP Current Affairs, GK & News

Why did India not sign the world largest RCEP trade deal?

On November 15, 2020, China and other fourteen Asian countries signed the world largest trade pact under the RCEP of ASEAN grouping. The agreement left the doors open for India. However, in 2019, India walked out of the agreement. Why did India not sign the agreement? According to India, the deal does not address its ..

Month: 

Category: 

Topics: 

RCEP: 15 Asian Economies sign World largest China-backed deal

On November 15, 2020, China and fourteen other countries signed a deal to set up the world largest trading bloc. The negotiations to sign the deal began in 2011. These 15 countries account to 30% of world population and 30% of global GDP. Thus, the deal is the world largest Free Trade Agreement. Key Highlights ..

Month: 

Category: 

Topics: 

India withdraws from RCEP

On November 4, 2019, India decided against joining Regional Comprehensive Economic Partnership (RCEP) trade deal as India did not receive any credible assurance on market access and non-tariff barriers. This paved way for the other 15-members to go ahead and sign the deal keeping the door open for India to join at later date. Reasons ..

Month: 

Category: 

Topics: 

India decides not to join Regional Comprehensive Economic Partnership deal

During the Regional Comprehensive Economic Partnership (RCEP) summit in Bangkok, India has decided not to join the RCEP deal as negotiations failed to address New Delhi’s outstanding issues and concerns. The summit included China, Japan, Australia, New Zealand, South Korea, and the 10-nation ASEAN grouping. The RCEP negotiations were meant to create the world’s biggest ..

Topics: 

PM Modi meets Indonesian President and Thailand PM

PM Modi on the sidelines of 35th ASEAN summit and 14th East Asia Summit, met the President of Indonesia H.E. Joko Widodo and the Thailand PM Prayut Chan-o-Cha (Gen (retd)). Highlights of the meetings: Indonesia President The leaders discussed the threat to extremism and terrorism and agreed to work closely. The meeting on terrorism is ..

Month: 

Category: 

Topics: