RCEP Ministerial Meeting India Absence Suggestion of Withdrawal Continues to Work on Return to Negotiations October 14, 19:24
The RCEP = Regional Comprehensive Economic Partnership Ministerial Meeting, in which 16 countries from the Asia-Pacific participated, was held in the form of a video conference on the 14th, and India, which suggests withdrawal, was absent this time as well.
Signing in 16 countries, which each country is aiming for, continues to be difficult this year.
Due to the influence of the new coronavirus, the RCEP ministerial meeting in which 16 countries in the Asia-Pacific participated was held in the form of a video conference following the meeting in August, and was attended by Minister of Economy, Trade and Industry Kajiyama from Japan.
The RCEP is still in talks to sign this year, but India has been absent from the meeting for 14 days due to concerns about the impact of tariff cuts on domestic industry.
According to government officials, the meeting on the 14th continued to discuss the issues left in the negotiations so far and confirmed that India would continue to work to return to the negotiations.
In India, due to the stagnation of economic activity due to the influence of the new coronavirus, there is a deep-rooted sense of caution about RCEP, and while time is limited for signing, signing in 16 countries continues to be difficult this year. ..