After years of tough negotiations with the ASEAN+5 nations, India on Monday walked out on the crucial ‘Regional Comprehensive Economic Partnership’ (RCEP) agreement at the third Leaders Summit under RCEP held in Bangkok, Thailand.
Announcing India’s decision at a media briefing held in Bangkok after the RCEP summit, Vijay Thakur Singh, secretary (East) said, “India conveyed its decision to the forum not to join the RCEP. This reflects both our assessment of the current global situation as well as of the fairness and balance of the agreement. India had several issues of core interest that remained unresolved.”
Even before Prime Minister Modi left for Bangkok, Thailand, to attend the ASEAN summit and take part in the RCEP forum, there was massive opposition to India joining what has become the world’s largest trading bloc (even without India).
This story is from the {{IssueName}} edition of {{MagazineName}}.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the {{IssueName}} edition of {{MagazineName}}.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
Why Pak New Map Is A Sham
Pakistan’s move comes exactly a year after India scrapped Art 370
‘Forget Cash Reward'
Wrestler Divya’s father narrates humiliation he and his daughter faced for questioning Delhi CM Kejriwal
BJP Sends Its 20 MLAs To Gujarat Ahead Of Trust Vote
The BJP has hit out at the Ashok Gehlot-led Congress government in Rajasthan claiming that moral and immoral means were being used in an attempt to induce BJP MLAs before the assembly session which convenes on August 14.
Gamers In Delhi Easy Prey For Cybercon
Crooks make fake profiles to lure young addicts into buying gaming points, steal money with debit card & e-wallet details
Men WHO Braved Odds To Save Lives
Kozhikode Plane Crash
Pak Maintain Firm Grip
Bundle out England for 219 to open 127-run lead on Day 3
Virus Wreaks Havoc In U.S. As 2,060 Die In Single Day
Europe remains the hardest-hit region globally with 200K deaths
Why Chennai Fears Abeirut Redux
Presence of 740 tonnes of ammonium nitrate at Sattva freight station raises safety concerns
Beirut's Accidental Cargo
An unscheduled stop to pick up extra cargo led to the disaster
Gates Backs Poonawalla With $150 Mn War Chest
Virus vaccine to be rolled out in early 2021
