Once in full effect, the agreement will cover close to 30% of the global population and GDP. However, trade unions and people’s movements have been opposing the deal for years
Even as the new agreement between ASEAN nations and its free trade partners establishes the largest trading bloc in the world, it is vehemently being opposed by labor unions, trade justice groups and women’s movements
What drove India to take this drastic step and what is the way forward in terms of addressing the crisis of Indian agriculture and manufacturing?
India’s difficulty in acceding to the mega regional free trade agreement, RCEP, currently being negotiated among 16 Asia-Pacific nations, is reflective of a deep malaise in not just its trade policy but also domestic economy.