For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

India should become part of RCEP: Commerce Secretary

By Religare
|

A Government Official has said that it is important for India to become part of RCEP with a view to stepping up its share of global trade and investment, media reported.

Commenting on the issue, Commerce Secretary Rita Teaotia told the media, "Three large pacts are being negotiated currently -- Regional Comprehensive Economic Partnership (RCEP) agreement, Trans Pacific Partnership (TPP) and Trans-Atlantic Trade and Investment Partnership (TTIP) and it's important for India to be part of at least one."

 

"It is important for us to be part of at least one of them. And by inherent logic, RCEP is one where we need to be there. This group has 30 per cent of world's trade. So, it is important for us to be part of this," she added.

The 16-member bloc RCEP comprises 10 ASEAN members (Brunei, Cambodia, Indonesia, Malaysia, Myanmar, Singapore, Thailand, the Philippines, Laos and Vietnam) and their six free trade agreement partners - India, China, Japan, Korea, Australia and New Zealand.

Story first published: Tuesday, August 25, 2015, 23:00 [IST]
Company Search
Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

Find IFSC

We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more