Business Economic diplomacy critical for India in 2019, say government officials Updated : December 28, 2018 06:23 AM IST A top official highlighting economic diplomacy as a key pillar of India’s foreign policy and said there has to be progress on RCEP and BTIA with the EU in 2019. India has been reluctant to sign the RCEP agreement because of the $104 billion trade deficit with negotiating countries. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.