The Regional Comprehensive Economic Partnership (RCEP) trade agreement involving Japan, Australia, China, South Korea, New Zealand, and members of Association of South-East Asian Nations (ASEAN) is the largest free trade agreement in the world. A total of 15 nations are signatories of this RCEP. You can read about the WTO – World Trade Organization – History, Functions, Conferences, Dispute Settlement in the given link.

India had withdrawn from the agreement out of concerns that Chinese goods would flood the Indian markets.

Further readings:

  1. India and the WTO – An Overview of Latest Developments
  2. India – US Trade Relations: RSTV – Big Picture Analysis for UPSC IAS exam

Related Links

Rajya Sabha TV (RSTV) – India ‘ s World: Maldives-China FTA: Implications

Asia-Pacific Trade Agreement (APTA) – History, Member, Milestones [UPSC Notes]

Broad-based Trade and Investment Agreement (BTIA): Notes for IAS Exams

North American Free Trade Agreement (NAFTA) – Overview, Scope and Controversy

Eurasian Economic Union – Trade with East Asia, Free Trade Agreement

South Asian Free Trade Area (SAFTA) – Overview, Objectives, Benefits

Previous Years Economics Mains Questions for UPSC General Studies Paper – 3

Download Indian Economy Notes For UPSC Examination

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