- India’s commerce and industry minister ruled out the idea of joining the Regional Comprehensive Economic Partnership, maintaining that it is not in the country’s interest to be part of a free trade agreement with China.
- “It was not in our farmers’ interest, RCEP did not reflect the aspirations of our small and micro medium industries and sector, and in some form, was nothing but a free trade agreement with China,” Piyush Goyal said.
- The RCEP is the world’s largest free trade agreement by GDP of its members.
Absolutely incorrect. Their economy was growing in leaps and bounds until the great recession. Even after it has still grown 2-3x ours. The issue is longevity of it and the inability to produce as lucrative a consumer market as the western nations.
Lmao