What are the major reasons for India for exiting from the International free trade agreement - Regional Comprehensive Economic Partnership (RCEP)?
Approach of the Answer
- Introduction: Provide the details about the free trade agreement of RCEP.
- Body: Enumerate why India made decision to opt out of the agreement and also analyse the impact of the decision.
- Conclusion: Suggest further actions that government should take to protect the domestic sentiments and also long-term free trade with the global partners.
Regional Comprehensive Economic Partnership (RCEP) is a proposed free trade agreement in the Asia-Pacific region between the ten member states of the Association of Southeast Asian Nations (ASEAN), namely Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand, and Vietnam, and five ....
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