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4) With the Regional Comprehensive Economic Partnership (RCEP) negotiations concluding, estimate India’s associated concerns in being a part of the RCEP due to which India preferred to stay out of the trade pact. Discuss the way forward.(250 words)

Topic:Bilateral, regional and global groupings and agreements involving India and/or affecting India’s interests

4) With the Regional Comprehensive Economic Partnership (RCEP) negotiations concluding, estimate India’s associated concerns in being a part of the RCEP due to which India preferred to stay out of the trade pact. Discuss the way forward.(250 words)

The hindu

Why this question:

Seven years after India joined negotiations for the 16-nation ASEAN (Association for South East Asian Nations)-led RCEP (Regional Comprehensive Economic Partnership) or Free Trade Agreement, India opted out of the agreement, citing its negative effects on “farmers, MSMEs and dairy sector”. 

Key demand of the question:

The answer must highlight the concerns India is apprehensive of with respect to joining RCEP and discuss the possible way ahead.

Directive:

DiscussThis is an all-encompassing directive – you have to debate on paper by going through the details of the issues concerned by examining each one of them. You have to give reasons for both for and against arguments.

Structure of the answer:

Introduction: 

In brief explain the recent happenings at RCEP.

Body:

Explain the recent conclusion of trade pact at the RCEP.

Highlight that RCEP negotiations were meant to create the world’s biggest free trade region that represented half the world’s population and one-third of the global GDP.

Discuss the challenges and concerns associated.

Conclusion:

Conclude the way forward.

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