India’s road to RCEP laden with China-related obstacles

Ten years ago, the question was whether India and China should sign a bilateral free trade agreement (FTA). Today, it is whether India should join the Regional Comprehensive Economic Partnership (RCEP). There are two different but interconnected issues: the dominance of Chinese manufacturers in the export of goods; and the impenetrability of the Chinese market to Indian and other foreign companies. On the other hand, joining the RCEP might compel New Delhi to launch the second-generation economic reforms.

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