Business »  Topic »  RCEP offers $125-bn market if domestic firms improve competitiveness: Study

RCEP offers $125-bn market if domestic firms improve competitiveness: Study


Being the fourth largest exporter of bovine meat, India can help it grab a $11-billion market in select RCEP countries, says the WTC

The 15 RCEP countries together accounted for 57 per cent or $105 billion of India's overall trade deficit in FY19, with China itself contributing to $54 billion of this

Even though the government has decided to stay out of the world's largest trade block RCEP, the 15-nation grouping offers a market potential of $125 billion if domestic firms improve competitiveness in 24 identified product categories, as per a World Trade Centre study.

Citing domestic concerns ...


Read the full text business-standard