The RCEP is the world's largest free trade agreement by GDP of its members.
  • India’s commerce and industry minister ruled out the idea of joining the Regional Comprehensive Economic Partnership, maintaining that it is not in the country’s interest to be part of a free trade agreement with China.
  • “It was not in our farmers’ interest, RCEP did not reflect the aspirations of our small and micro medium industries and sector, and in some form, was nothing but a free trade agreement with China,” Piyush Goyal said.
  • The RCEP is the world’s largest free trade agreement by GDP of its members.
  • Blackout@fedia.io
    2·
    2 months ago

    Absolutely incorrect. Their economy was growing in leaps and bounds until the great recession. Even after it has still grown 2-3x ours. The issue is longevity of it and the inability to produce as lucrative a consumer market as the western nations.