Would love to see India part of RCEP, says New Zealand trade minister
New Zealand would love to see India as part of the RCEP agreement, its Minister of State for Trade and Export Growth Damien O’Connor said on Wednesday, days after New Delhi decided not to join the China-backed mega trade deal.
On Monday, Prime Minister Narendra Modi in Bangkok had said India will not join the Regional Comprehensive Economic Partnership (RCEP) as negotiations failed to satisfactorily address the country’s “outstanding issues and concerns”.
As many as 16 countries — 10-nation bloc ASEAN and its six trading partners including India — were negotiating the free-trade pact RCEP.
India has, however, indicated that it was open for negotiations if the member countries of RCEP would come up with a better offer which can address concerns and provide greater market access for the domestic industries.