The Regional Comprehensive Economic Association (RCEP), a mega trading bloc comprising 15 countries led by China and that came into existence on Sunday, said India would have to write expressing its “intention” to join the organization. to restart membership negotiations. In a statement released after the initialization ceremony among member …
Read More »Everything you need to know about the RCEP trade compact
The Regional Comprehensive Economic Association, or RCEP, was signed virtually Sunday during the annual summit of the 10-nation Association of Southeast Asian Nations (ASEAN). Fourteen countries under China’s initiative have formally agreed to form the world’s largest free trade bloc, encompassing nearly a third of all economic activity. After 8 …
Read More »Why India excluded itself from the world’s largest trade deal signed today
NEW DELHI: Fifteen countries in Asia and the Pacific, with a combined gross domestic product (GDP) of more than $ 26 trillion and comprising nearly a third of the world’s population, signed the world’s largest trade agreement at the 37th Association of Southeast Asian Nations (Asean). Summit on November 15. …
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