What is the largest free trade agreement in the world?

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India had withdrawn from the agreement out of concerns that Chinese goods would flood the Indian markets.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

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