NONTHABURI, Nov 5 (TNA) – The 3rd Regional Comprehensive Economic Partnership (RCEP) Summit admitted India turned down its trade pact for seeing unresolved issues and no interest.
Participants in the 3rd RCEP Summit issued a joint statement that RCEP negotiations started in 2013 and involved 15 countries comprising 10 ASEAN member states, Australia, China, Japan, Korea and New Zealand.
They concluded the content of all 20 chapters of the pact and all issues on market access. The 15 participating countries would be reviewing legal terms in the pact and expected its signing next year.
The countries admitted that India had not joined RCEP because it thought that there were unresolved issues and its separation from the pact would better protect its interest.
The RCEP countries assured that all they would cooperate to solve the issues that concerned India. (TNA)
