The indias decision to pull out rcep.explain
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India decides to opt out of RCEP, says key concerns not addressed. NEW DELHI: India won't join the Regional Comprehensive Economic Partnership (RCEP) because concerns about getting swamped by imports under the agreement — putting its domestic industry and agriculture at risk — haven't been assuaged
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According to a TOI report, India pulled out of the China-backed trade agreement as negotiations failed to address its core concerns. These were threats of circumvention of rules of origin due to tariff differential, inclusion of fair agreement to address the issues of trade deficits and opening of services.
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