The RCEP was to be a potent vehicle to support the spread of global production networks and reduce the inefficiencies of the multiple prior Asian trade agreements. Yet India still pulled out. Why?
Tag: Trade
To achieve its goal of deepened integration with ASEAN, India has established and continuously emphasized opportunities for economic and security partnership. All the while, it has simultaneously appealed to socio-cultural ties. Closer integration with ASEAN, India hopes, will allow the two to jointly balance China’s growing regional influence.