OPINION

RCEP without India poses new hurdles

News, Thitinan Pongsudhirak, Published on 08/11/2019

» On the face of it, the Regional Comprehensive Economic Partnership is an Indo-Pacific trade pact that would shore up the stalled world trade liberalisation and stem the rising tide of protectionism in the global economy. India's withdrawal from the RCEP -- whose other 15 members comprise the 10 Asean economies along with China, Japan, South Korea, Australia and New Zealand -- is a major setback, posing new challenges for the Asean-centred trade bloc. Asean should persuade India to return to the RCEP fold, while preparing for a much less promising RCEP15 as second-best outcome.