India will not be part of the the Regional Comprehensive Economic Partnership or RCEP -- which will be the world's largest free trade pact of 16 nations.  India has called for a "mutually beneficial RCEP in which all sides gain reasonably", which, on the ground, involves market access and tariffs. In his address, Prime Minister Narendra Modi said the present form of the RCEP Agreement "does not fully reflect the basic spirit and the agreed guiding principles" or India's concerns.

India will not be part of the the Regional Comprehensive Economic Partnership or RCEP -- which will be the world's largest free trade pact of 16 nations.  India has called for a "mutually beneficial RCEP in which all sides gain reasonably", which, on the ground, involves market access and tariffs. In his address, Prime Minister Narendra Modi said the present form of the RCEP Agreement "does not fully reflect the basic spirit and the agreed guiding principles" or India's concerns.