RCEP signed

Why is it in news?
  • The Regional Comprehensive Economic Partnership (RCEP), a mega trade bloc came into existence on 15 November 2020.
  • India would have to write expressing “intention” to join the organisation to restart negotiations for membership.
Details:
  • RCEP is a mega trade pact between the 10-member ASEAN bloc, along with China, Japan, South Korea, Australia and New Zealand.
  • Aim of RCEP: To lower tariffs, open up trade in services and promote investment.
Posted by Jawwad Kazi on 16th Nov 2020
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