Regional Comprehensive Economic Partnership (RCEP)

RCEP faces services logjam

  1. Context: India has little to gain in getting market access in goods in other countries due to its poor infrastructure and weak manufacturing base, but it thinks it has an upper hand in services negotiations
  2. The 16-member Regional Comprehensive Economic Partnership (RCEP) trade talks have hit a hurdle because other countries are not receptive to this idea
  3. India hopes to acquire market access for its growing skilled professionals and easier visa regimes in the RCEP member countries
  4. RCEP comprises ASEAN nations (10) + 6 of its FTA partners (Australia, China, India, Japan, New Zealand and South Korea)

By Root

Caretaker @civilsdaily

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