India may lose its 'key strategic actor' position in Asia-Pacific, if it leaves RCEP: think-tank
Updated : August 30, 2018 03:59 PM IST
The Regional Comprehensive Economic Partnership (RCEP) is a mega trade pact aims to cover goods, services, investments, economic and technical cooperation, competition and intellectual property rights.
The bloc comprises 10 ASEAN members (Brunei, Cambodia, Indonesia, Malaysia, Myanmar, Singapore, Thailand, the Philippines, Laos and Vietnam) and their six FTA partners - India, China, Japan, South Korea, Australia and New Zealand.
Modern free trade agreements (FTAs) like the RCEP are not just trade deals, but also important strategic and geopolitical understandings.
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