Indian Commerce and Industry Minister Piyush Goyal said that it was not in India’s interest to do a free trade agreement with China.
India rules out joining RCEP, accuses China of non-transparent trade practices
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Nonsense! Why do other members of RCEP see no issue in it for “non-transparent trade practices” if there are such things? Are you stupid and is India much more smart than these member countries?
Others may be fine with chunese imports
Of they’re not ready to tell us what came from china and repackage to sell to us, we will not give them a tax free treatment
Excellent insights on China, a predatory economy wants everything from the world for its own benefits
India loves to partner with US against China, that is the sole consideration when Modi went for a QUAD meeting in America…PERIOD!
You really don’t keep track of what’s happening, do you?
If you don’t have the guts to do something, just Say that. Blaming others will make yourself looking like a fool.
Ccp bot
Blaming others is an Indian trademark.
@@pureland2703 🤏🏻
Relax littlepink
Yess we don’t have the gut(s). Only the brains. 😅
😂 India is the only smart country in the circle to block china’s intransparency trade practice while all other members of RCEP are too stupid to see any of this happening.
India is uncompetitive and very much still an agricultural country finding it difficult to be self-sufficient in food supply. It is on a different level as the other countries that joined RCEP. India’s decision not to join RCEP is a correct one.
Indias manufacturing sector is uncompetitive yes.. but india is nowhere an agricultural economy u fool.. nor we are finding difficulties in food self sufficiency.. we are a Net Exporter of Agri products.. 0 iq factless knowledge is dangerous ..
India is largely a Service sector economy.. for now, we are transforming into a manufacturing economy pretty quick now.. 10 years more..
And India could export Services into other RCEP nations, but nations didnt agree to Service exports..🤷♂️ it cant be a one sided agreement, where we allow chinese imports, but chinese doesnt allow indias services export..
have some knowledge first before u make statements defining a whole country🤷♂️
Self sufficient 🧐 india is exporting highest amounts of rice and important vegetables since covid. Our agri input has grown at cagr of 15% .
In the 2023 Global Hunger Index, India ranks 111th out of the 125 countries with sufficient data to calculate 2023 GHI scores. With a score of 28.7, India has a level of hunger that is serious.
And in this case India still manage to export large amount of food. What an interesting country😂😂😂😂
@@jklee5419 so according to u, all the countries that export food items should have 0 hunger 🙄 stupidity sometimes sees no limits😂 and if u are so aware, i would like that u read a little more.. GHI has hunger in its name, but its more about Child Health rather than the avg Hunger .. nd India is not developed, we are going towards that at a fast pace.. India has eliminated Extreme Poverty.. nd poverty rate is getting lower year by year.. nd the index methodology nd country of origin before u make lame comments..
“”The index is an erroneous measure of hunger and suffers from serious methodological issues. Three out of the four indicators used for calculation of the index are related to the health of children and cannot be representative of the entire population. The fourth and most important indicator ‘Proportion of Undernourished (PoU) population’ is based on an opinion poll conducted on a very small sample size of 3,000”” .. imagine taking a 3000 sample size in a 1.4Bn population 😂
@@jklee5419 😂😂 all the indexes which are done pro biased surveys. So afghanistan and gaza are also ranked better than in the index. And we need to believe such surveys 😂
SO all other 15 asean countries are fool?
That’s what India thinks so.
@@DineshTwanabasu theyre fine with chinese imports
We’re worried chinese goods will be repackaged in other countries and come in to India even when we ban something from china
It’s the right stand to have
Ignore the morons screaming at the top of their lungs
Precisely
different countries has their own issue and act as per those things.
Yes big time. Fools maybe not. But they are iron caged in this situation what other choice do they have?? Its a matter of survival for ASEAN and North Asia economies at this point. China is their biggest trading partner and they are not all manufacturing economies, their per capita income is not all growing like it was 15-20 years ago. Inflation and lower wage growth along with dependancy economics as a high importer is literally forcing them to sign RCEP. The pandemic has even confirmed their worst fears that without RCEP they will all collectively sink economically. Supply chain is not binary between them and China. India has no such limitations with Chinese economy though there are areas India imports chinese goods for internal manufacturing commodities and its a 100+ billion trade between India and china. CCP knows this so does the Indians. But Indians will look to wean away much as possible from these cheap kool-aid supplies sooner than later. That said signing RCEP would have been a suicide for India. It was a well thought through decision that probably saved the Make in India policy itself they have got going on now over there.
China doesn’t care about it’s citizens, democratic countries have to. All democratic countries should be careful while trading with China. Put high tariffs whenever predatory pricing takes place. And ignore Chinese Wumaos that flood every social media app when Xi Jinping the pig is mentioned.
non transparent trade practices, said India, country that is famous for red tapes
@@godzillamothra5983 unlimited subsidies vs difficulty opening and operating a business
Some equivalence there
Low iq Chinese
What does red tapism has to do with non transparent trade practices.. plz dont speak, when u have 0 knowledge 🤷♂️ nd which doesnt have red tapism anyway.. 🤷♂️
@@Rocky-pz8px its not red tapes though that is a product that is manufactured and sold and exported from india. ‘Red Tape’ would be the correct enunciation. However Red Tape has nothing to do with signing national trade policy, it goes through the government departments after much analysis, discussions and debates and then gets approved or rejected after feeding through multiple national level criteria incl. Security, fair benefits, applicable effects and sustainability etc. among other studies.
@@naturemeditation3751 u dont have clarity over what u wanna speak😂 what should i even argue on here.. red tapism is present in every country specially democratic ones.. but it has no relation to the subject matter.. make some good points if u wanna criticize india..
Red tape and non transparent trade are not the same
With or without POOR INDIA,RCEP will continue marching forward!
Poor India will March on too. 😅 Thank you.
@@myutube1962 Nonsense!How? When Modi is a US puppet despite India having a large population of poor, homeless people?
@@myutube1962yes..keep marching backwards, visiting temples everyday.
So many chinese bots lol
@@Rocky-pz8px Endian…ASEAN. Educate yourself.
RCEP would have been good for Nortbeast India. Hope the issues get sorted out.
Its not good for Tibbat, inner magolia, xininag
Very good…everybody is buying things from Tibet and Xinjiang. Also tourists flicking there . 😂@@pradeepsingh-r7y4s
@@pradeepsingh-r7y4s Tibet people should be freed.
Communist China artificially subsidies its manufacturing and also ignores all labour laws to achieve “ efficiency ”. Then it erects non tariff barriers to preventt competition
If China acting like India before joining WTO, there wouldn’t be economic miracle
There are always many CCP bots and XI pooh warriors flooding youtube comment sections lmfao. But what they also know is inside China the economy is not growing with any exciting news or KPIs anymore and the reasons is not just exports but imports are restricted by and large and trade tariffs are high, private funding for businesses is at all time low and its affecting GDP growth and banks are no more trusting SME to pay back loans so CCP can cry much as they want but MFN status will only take them this far….. in reality private enterprise in China is under attack today by the CCP.
Already asean has big tarde with china.
This rcep is joke.
China just wants to take advantage everywhere.
Asean are weak countries.
Unless we start manufacturing to large scale,this doesn’t make sense.
India will never sign a one sided FTA with anyone let alone China.
There is no need to sign a FTA with China – India is hopelessly dependent on China for almost all it’s products , whether intermediate or final .
😂😂uwumao
@@xcel5203 not for long
The rest joined cuz they can compete
Indians can’t become as good as China in manufacturing. China doesn’t import any finished goods from the world. It manufactures for itself and for the world.
Excellent Decision. Without RCEP, we continue to grow at 8%, I doubt whether RCEP will boost growth further. Also whether we want to be Trust China, the most untrust worthy.
He is all tallk like rest of our incompetent and corrupt politicians
Boycott chinese 😂
search :I Visited India So You Don’t Have To
😂
😂😂😂😂@@gilbert8156
FTA with china or RCEP is invitation to higher deficits. Better to look FTA with US , EU and UK.
Until you have to pay back in FX which decimate your currency
@@julenemalcolm5706still far better than trade deficit with china
Panjeet think white people like them. they just want take advantage of India 😂😂
Just go ahead. China just showed you an opportunity and you are the one to decide to apply or not. Application does not guarantee acceptance. China does not really care if you decide not to apply.
Like It or not….. India Think they are is important portion in this group either bRICS or g20…without India It will progress even smoothly
Then Why Don’t CHINA and Russia Kicks out INDIA out of BRICS and why is USA and Europe not sanctioning INDIA for Buying Russian Oil ,Coal, Gas, S-400 .. I don’t understand what’s so special about Poor and Weak INDIA .
Like how China blocked addition of new members to BRICS
Right with losers like Russia South Africa and Iran 😂😂😂😂😂
No problem, we are going to be 3rd largest economy in 2028 without BRI, BRICS, RCEP etc etc. Bilateral trade >> BRI, RCEP 🥰🥰
@@pkmkb007 third is not mean you can supply all the good to the world.. Only certain you are have.. Hi tech hi end where your get the resources???
India Own problem will blame on china.. Just wondering if your mom..wife or girlfriend get pregnant yours blame on china too right 😂😂😂😂
NO ONE IS FORCING INDIANS TO BUY CHINESE GOODS CHINA IS INDIAS LARGEST TRADING PARTNER. SO WHAT ARE YOU BITICHING ABOUT..
Correction: china is not India’s largest trading partner, again research a lil bit about the topic before getting high on youtube comment section. No one is forcing any in international trade. Trade with china is a bilateral effort though as with any other trade partner for China there is always a very high trade deficit. Any trading partner with china is always left holding the bag lol : highlight the word ‘Any’.
@@naturemeditation3751 Why don’t you provide the right information if it’s not China ? You need to get your facts right . Indian businessmen and industrialists have been petitioning the govt for increased trade with China as it is to their benefit including Adani whose business partner is a Chinaman . Fact is Indian industry and consumers would collapse without Chinese assistance including statue of unity and learning ; the indigenous statue sadly collapsed . $ 100 billion in imports and $19 billion in exports ; andhbhakts are blushing .
There’s a difference between trading nd dumping ….
US is not forcing China to trade with it. Why is China crying?
There is a loop hole which makes USA no 1 trade partner
Most of them don’t make a record which is required for businesses but by milibhagat they are doing this nonsense
I have been to India a few times, it is a beautiful country
China can sell products through asean😊
Why he chose Modi’s photo,used for memes on Instagram 😂😂
@@umar_mughal.3861 should he use your pedos photo
Were you hoping Mao and Stalin’s photos there. Modi is his Prime Minister!
Then why other asian countries are joining?
Learn how the Chinese work the politicians and officials in other countries. Even in India Rahul Gandhi has signed deals with the Chinese.
All ASEAN celebrating India is OUT 🎉🎉
@@happymelon7129 The happiest are the Chinmpaki trolls. 👍
India not signing a free trade agreement is the right decision.
dumping ur over capacity produce in other even RCEP countries r putting tariff on Chinese produce like steel….all Chinese cry babies go see even RCEP countries r putting tariff
You don’t like low price?
Indians can’t live without a bargin
You clearly know nothing about the economy.
Ask that to westerners why they are putting tariffs on china.
We don’t want low quality, you can keep the low price.
@@pkmkb007 If it were low quality no one would buy it. There would be no need for the EU and the USA to impose tariffs.
@@dashong8912 Low cost subsidized to the max by the CCP. Thats why there are tariffs, chinese are dumping these subsidized stuff in US and EU
“Quality standards” 😂india has no quality
I honestly couldn’t stop smirking when he said that hahahahah
Says the guy who buys huwawei phones 😂😂😂😂
Wuhan virus was of high quality
😂😂😂 Saying one who uses Vivo OPPO phone 😂😂
You are definitely wrong. India has/is quality of joke.
Aspiration = being the xxxxyard of Foreign Investment?
“non transparent trade”
What EXACTLY is non transparent? Poor westernized indians can only yap 😂
If India not open its heart to welcome other countries, at last it will be a great loser.
smart minister❤
这样的SB部长越多，对世界就会越好， yes.
Why will china spill the beans on their secret to mass producing cheap goods. Indians just complain
They are using transparency as the excuse for China not providing them with their intellectual property. Stick to curries India. You excel there.
The West/India like China to be transparent so that when they know China’s plan, they will surely break it. When Xi visits a country, discusses something, is the visit just a normal diplomatic one, or it is a part of a greater grand plan Xi is realizing? 😉
Yeps we are ok with that too…. You stick to yours and we will stick to ours…. Don’t freaking test us, we are not China….. We elect a government that values our views along with policies on growth for which we the people of India give them the authority to make decisions on our behalf… Prople like you are jackarses who we hear and read and a plain laugh is all you desereve…. I make this comment for you get a hold of reality…
Are you seriously supporting china? A country who stopped publishing daily stocks or unemployment data when it started going down?
Better China make and sell for itself, cuz the world is moving away from China. Talking about Patents, china is known for Reverse engineering, don’t speak as if it’s the country of inventors. 😂
While EU and US have trillion of dollars of Trade deficits along with debts , thanks to their illogical brain 😂😂😂
😄 All ASEAN celebrating India is OUT 🎉🎉
In the language of our age, India is called a Jiao Shi Gun.
ASEAN= smol countries who can’t survive without china
India is celebrating 🎉🎉🎉 Chinese goods through Greedy ASEANS are out 🎉🎉🎉🎉
ASEAN used to be called ‘Further India’/ ‘Farther India’/ ‘UltraIndia’/ ‘Indo-China’.
@@SuperYoman100china and india were more developed than South East asia, which was very tribal. Only recently They hitchhiked on china’s growth as their GDP is linked to china. (Except malaysia, Brunei, singapore, thailand)
You know ASEAN doesn’t even have nuclear power yet? It’s too sophisticated for them
India doesn’t join RCEP because it refuse to allow Australian food product in. remember the farmer protest in India? India has price control for food to protect its farmer, if you allow foreign food into India, that would destroy the price control, when Modi tried to reform the system, the farmer protested so they could not change the system. without changing the system, India could never join RCEP unless Australia waviers its right to export to India which they refuse for good reason…. India always use China as an excuse for not joining, however if it was really about China, India should have FTA with all the other countries seperately, yet they still do not. so it not about China. India is just not ready to be a market economy, it can’t really trade with anyone because too many Indian are still surviving on low paying job that would be wipe out in an open market system.
what alot of people don’t understand about tiananmen protest was it really a anti market reform protest, when you open the market, people loses their job. China survive the pain of opening up and today it the world largest trading nation. if market reform is easy, every country would have done it. can India do it? I honestly don’t know, what I do know is until it does, it is going to shy away from FTA with any country.
India hides their incapabilities by not Joining these groups.
It shows that India is not capable and don’t have a capacity to face them and make a argument like One sided😂 what do you mean by one sided? If you have a capabilities to face any one in the world, if you are Capable to do so than you will win absolutely but India can not…..😂
Zero to do with Australia.
100% to do with China.
@@lagrangewei Another example of Chinese thinking of themselves being smarter than they actually are.
India signed FTA with Australia in late 2022. Blows your entire “China is the scapegoat” theory into bits. No wonder with an overconfident thought process like this, you guys have bogged yourselves down in the biggest housing crisis since 2008.
Actually Australia does export some foodstuff to India – like pulses, lamb, etc and being a member of RCEP offers no special benefit to India-Australia trade. Also Australia cant compete in the Indian market on staples like Rice, wheat spices, tea, coffee etc but they are a major exporter of minerals, coal and importer of services from India. Joining RCEP wont increase those trade numbers but rather divert that trade to other jurisdictions and possibly contaminate the supply chain. Also, India has price guarantees – not price controls on food grains. Price guarantees are for the producers not the consumer. The market prices for food are driven by market dynamics so shortages and surpluses affect the consumer but not the producer as much who is assured a guaranteed price for production.
Second, RCEP is not something that interests India because the markets in the RCEP deal do not recognise services in the trade deal – only goods. So mobility of services, service providers and knowledge products is non existent. Finally, another fatal flaw of RCEP is the unequal governance in different jurisdictions when it comes to IPR, labor rights and legal liability. These add huge insurance premiums to MNCs operating in India to trade with Asean or other jurisdictions like China.
Lastly, India has had FTAs with Asean, S.Korea, Japan etc – most of them have been fruitless and disappointing for India because they did not give greater access to Indian goods or services in these economies due to non-trade barriers like Visa restrictions, non-standard regulations and indirect subsidies.
India is a market economy in the truest sense of the word unlike China where the Govt not only controls production, finance, labor unions and land but also directly owns business monopolies preventing outside competitors. This is why ALL top European, American, Korean, Japanese MNCs operate in India both through their registered offices but also indirectly through their suppliers and value chains running through Indian companies.
Australian or Japanese or Korean companies therefore make More money operating in India than Asean or even China for some companies like Hyundai, KIA etc – RCEP wont benefit Indian manufacturers or consumers.
Finally, coming to the strategic side – India wants to balance trade with China and reduce nonessential trade and especially dumping of Chinese goods in India while not allowing Indian goods access to Chinese markets. Indian goods are deliberately banned in China through non-tarrif barriers and Chinese traders do not honor contracts and Chinese courts have no dispute resolution mechanism that is fair or transparent. This coupled with the startegic implication of decoupling with China makes RCEP unviable and unacceptable to India. India doesnt want more trade with China.
😆i15 assemble in India yield is 50% lower than China .
Apple+Foxconn learn a lesson in India ? iphone 16 need to return to assemble in China
Taiwan’s Foxconn, the world’s largest contract electronics maker and Apple’s biggest iPhone assembler, said it plans to invest 1 billion yuan ($137.5 million) to construct a new business headquarters in Zhengzhou, central China’s Henan Province.
Chineese bots are funny 😂 chinkus is finished
What is mean by this?
Sauce: PingPing global times.
Also, mr Wuhan virus these news are already debunked. Stick with ur bat soup pls.
@@happymelon7129 Cry harder, lol. Apple is going to start iPad manufacturing as well in India.
China 10 year bond profit 3% india 8%
why there is no other country said no transparency of China in so many RECP countries.. but india? isn’t that bullshit? india should leave BRICS as well. Leave india alone.
Neither US or EU are willing to sign any form of FTA with India. They cannot survive in a free market.
The EU has been negotiating a FTA with India for a decade now.
The US has several mini trade deals on specific products and services with India.
india=supercowerd
China=SuperCUCK
Indians talking about transparency?joke of the year.
Most sleezy speaker on the show so far
Any trades with India must be Cash On Delivery. Dont waste time on them.
Don’t waste time on fastest growing economy right now?
Put your money on an economy like China which is a photocopy of japan with an even faster decreasing working population?
Racist
India no1. blah blah blah, just came back from India and lost 2 kilos, thank you.
@@starnight1209 better than those weight-loss drug??? 🤔
@@abhitoday3133not racist, it’s a clever business decision against possible scam
No matter what projects or deals, India will not pay the last tranche! They will drag the supplier to court! You make more money when not trading with India.
And you lose when you trade with china
Yes. Trade with stagnating china whose working class is falling rapidly
And not the fastest growing and largest country in the world
Southeast Asians have a deep understanding with your words
Nobody is forced to trade with India. Just like India does no business with Asean other than developed civilized states like Singapore.
No matter what project or deal, Chinese exporter always cheats on quality and delivery timeline. Always late, always contaminated product. And always Chinese trader denies and doesnt respect contract.
Why can’t Indians just speak the truth instead of blaming others: India CAN NOT COMPLETE in global market. Indians does not produce much. And whatever they produced are JUNKS only suitable for domestic market consumption. And even for that, the only way that they could force these JUNKS down to the throat of Indian consumers is by BLOCKING FOREIGN PRODUCTS entering Indian market.
That is the ONLY REASON that Indian won’t join RCEP. But they always want to TALK ABOUT JOINING SO SHOW THAT THEY MATTER. Everybody knows that they will pull out in the LAST MINUTES because everyone knows Indians just want to engage in talking to show that they matter, not really wanting to trade. THEY GOT NOTHING TO TRADE.
There, how easy is that to tell the truth. STOP MAKING UP INDIAN BS AND RUNNING WITH BS.
China is famous for dumping and unfair subsidies. It’s open truth.
Dunno what wuhan viruses are shouting in comment section.
Ya cause, India doesn’t produce or export anything (other than telemarketing scam artists), they have a trade deficit with China. Of course they feel this way.
Chinese dogs barking in the comments.
印度赚钱印度花，一分别想带回家😂
This minister is talking in a way that India is an advanced economy.😂
The world’s fourth largest market soon to be third largest within a decade? I’m sure China doesn’t want a piece of that cake. Lol. Business is business. You can’t shame your customer into buying your products. I don’t think you ought to be talking about ‘advanced markets’ if you don’t even grasp the essentials.
So many advanced economics very weak in technically.. India has own 5G space tech .. Space defence tech..navigation .,Missile technology life science.. How many advanced economies have own technology..
@@moorthit6964 India gets its own 5G? ? ? Hahahaha, bollywood news
@@bruch-TB 5Gi – is indias own developed 5G technology in IIT madras it is in ITU standard.. India has banned all 5g railway power technology infrastructure from china.. Sony nokia are other suppliers..
@@moorthit6964 bollywood 5g technology🤣🤣🤣
I visited India and it is the filthiest country I have been to – good god.
Dumping of goods is the concern.
Many wumaos on the thread
Watch Bald and Bankrupt’s India travel vlog to see the current state of the country.
Love India politicians from China😅
India can play with itself….nobody wants a “free” trade deal with you anyway….no credibility whatsoever…
198 countries in the world, 128 of which have China as their largest trading partner. All the countries around China are also the largest trading partners of China, including the superpower India. Either other countries are too stupid or China is too smart. There is no other way to explain how China, which is not transparent in trade, can become the largest partner of other countries.
There is no other way? Really?
Dumping, predatory prices, unfair state subsidies.
No wonder they are the largest trading partner because of state support that kills local industry
China does not allow market access to others. All it does is force exports on others. Most of those 128 countries are weak tiny ones.
Indians have nothing to export except for people, so participating in any trade agreement is bound to be a disadvantage. So, don’t make excuses.
Kishore Mahbubani has more confidence in the animal competitive Instinct of Indians (he is a Sindhi after all!) and is confident that India can take on China!
But our Government must also protect to enormously handicapped Indian SMES sectors
Not to forget, our TATA, Marutis and Mahindras have to be shielded from the BYDs, Geelys and Xiaomis
Back to the Ambassador cars for us
People missing the point. That exchange showed Chinese government intervention in private enterprises. Probably government financing the enterprises to great extent so even if they are making loses with a single agenda of capturing the markets and destroying the local supply chains. Making economies reliant on Chinese economy. Why only China can do something like that? due to its political structure . Indians can understand this by Jio case . How it provided telecom services completely free for years and destroying the then present companies and now enjoying the monopoly increasing the prices as it see fit. This is usually see in among business but China is doing it on country level across sectors.
india bots cry so hard in comments. Chinese earn more yet can buy better products with cheaper prices. I can see why indians so envy China🤣
India has no capacity to compete with China and is afraid to compete. The difference between India and China is like the education level of Indias PM an illiterate with Fake degree and Chinas President – Phd from a top 15 university in the world. Apple has been assembling since 2017 in India but has only been able to import 90% of components from China and after assembling claims its Make in India. After Chinas border aggresion in Ladhak they could have stopped imports from China but they are unable to bcoz they lack the skills, the population is like Modi semi-illiterate , unskilled and unemployable and can only do menial jobs. Now they are removing restrictions so Chineese component makers can make in India for the Apple supply chain. Reality is they dont have the capability and thats why they are afraid of any Free trade agreement. Even few FTAs ones India has signed are very limited and also the why India is not able to attract as many investment in manufacturing like Vietnam and Mexico which have Free Trade agreements with every major trading block.
SAR INDIA SAR
India cant funtion without China, but India has nothing China wants.
Proud India is putting our Nation first to protect our Domestic Market
Curry bots😊
When you buy stuff from China, the chinese govt takes that money to subsidize the production of those items to such an extent that no country in the world can match that price. They make money through selling huge volume of those products because of low price at the cost of devastating the economy of host countries.
other nation should also do same thing chaina is doing, so that their citizens can afford cheap house , cheap tech , cheap gadgets
why are you so jelous lol
@@ultopalto-pq3hm Can chinese companies pay US/EU average salary to average chinese workers? Why are you so cheap and jealous?
hmm …….
Chinese 10$ product >>> us 100$.🤣🤣
that’s why Cost of Living in China is 50.8% lower than US/EU
its not that their salary is low🤣🤣🤣
they can get better luxuries items at 100 $ which will cost you 1k$ in us/eu lol
@@pkmkb007 chiness cheap products is better then us/eu products in terms of quality lol
actually china manufractures all hardware , you guys just install sowftware ,
but china is advancing in software too , checkout their drone’s
India stand out like a sore thumb in any regional grouping.
India smell like a rotten egg and a great disappointment among 15 countries in the RCEP.
India is the odd man out.
Perhaps India would like to withdraw from the SCO and BRICS as well.
It is of no loss to RCEP and it is the prerogative if India do not wish to be with RCEP countries with like-minded disposition and purpose.
The Regional Comprehensive Economic Partnership is a free trade agreement among the Asia-Pacific countries of Australia, Brunei, Cambodia, China, Indonesia, Japan, South Korea, Laos, Malaysia, Myanmar, New Zealand, the Philippines, Singapore, Thailand, and Vietnam.
The RCEP was built upon the existing ASEAN+1 FTAs with the spirit to strengthen economic linkages and to enhance trade and investment related activities to achieve a modern, comprehensive, high-quality, and mutually beneficial economic partnership agreement among the ASEAN Member States and ASEAN’s FTA partners.
RCEP has the potential to deliver significant opportunities for businesses in the East Asia region, and provide a framework aimed at lowering trade barriers and securing improved market access for goods and services for businesses in the region, through
broaden and deepen ASEAN’s economic engagements with its FTA partners.
RCEP recognises the importance of being inclusive and cope with challenges arising from globalisation and trade liberalisation and are important to every country’s endogenous development of their respective economy.
RCEP is committed to regional economic policies that mutually benefit both ASEAN and its FTA partners.
Indian IS the american puppet. China don’t need India.
China is BEGGING India to allow its companies to set up manufacturing as Chinese manufacturing is DYING.