ISDS Case Map
India
But decision to stay out is final for now, says Commerce Minister.
India should hold talks with the European Union for a free trade agreement, the government said on Tuesday, a day after it refused to join a China-backed regional trade pact for fear of a flood of cheap Chinese imports.
The Association of South East Asian Nations (Asean) may soon conclude FTA (free-trade agreement) review with India. The aim is to balance China in the Indo-Pacific.
The disastrous impact of the Indo-Sri Lanka FTA and ASEAN FTA on Indian farmers especially in the plantation sector is well known. RCEP would be worse than ASEAN FTA
A free trade deal that would have created a trading bloc covering half of the world's population and more than a third of the world's economic activity will stay on hold until 2020 after India refused to sign up.
India has decided not to join Regional Comprehensive Economic Partnership (RCEP), the mega Asian trade agreement between 16 countries with almost half the world's population.
Prime Minister Narendra Modi on Sunday said a review of India’s free trade agreement with the Association of Southeast Asian Nations (Asean) will help balance trade between the two.
The Forum for Trade Justice is of the opinion that the Government of India should not agree to the RCEP as it will be a bad deal for democracy, for farmers, workers.
The Congress has decided to hold protests across the State against the Regional Comprehensive Economic Partnership (RCEP) free trade agreement that is expected to be signed by India soon.
Ten Central Trade Unions (CTUs) have called on the Government to withdraw from the RCEP negotiations due to concerns over its possible negative impacts on workers and the economy.
