Commerce Minister Pan Sorasak said the Cambodian government has projected that the RCEP accord will boost the country's gross domestic product (GDP) by 2 percent, exports by 7.3 percent, and investment by 23.4 percent.
For several years, especially during the UPA rule we were, in fact, encouraged to believe the Chindia narrative so credulously that we did precious little to counter Beijings policy of maritime encirclement of India through its string of pearls strategy
India took a principled decision to stay out as it felt RCEP did not address its outstanding issues and concerns. Though RCEP has left a window open for India to join if it intends to do so, Indias position is unlikely to change
RCEP is relevant as Washington is gradually losing its economic ground in the Asia-Pacific region following its withdrawal from the Trans-Pacific Partnership (TPP) in 2017. The TPP was devised during President Barack Obama’s administration to counter China’s growing economic clout in the region. The
