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RCEP: What are economic implications for India opting out of it.

  Nov 23, 2020

RCEP: What are economic implications for India opting out of it.

Q. Why is this in news ?

A. 15 countries solidified their participation in the Regional Comprehensive Economic Partnership (RCEP). Even as India opted to stay out after walking out of discussions last year, the new trading bloc has made it clear that the door will remain open for India to return to the negotiating table.

Q. What is RCEP?

Q. Why did India walk out?

Q. How far is China’s presence a factor?

Q. What can the decision cost India?

Q. What are India’s options now?