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Leaving RCEP: A missed opportunity?

India could have expanded trade and exported more to current partners if it had chosen to stay in the partnership

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In November 2019, India decided to opt out of the Regional Comprehensive Economic Partnership (RCEP), the latest and the world’s largest trading bloc comprising one-third of global GDP and trade. Indian industries and farmers’ associations have widely hailed this decision.

The government’s reasons for opting out of the RCEP include possible flooding of cheap imports from China ...

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