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Will Sign Only A Fair And Transparent RCEP, Say Indian Officials Ahead Of Negotiations Before Upcoming ASEAN Summit
RCEP negotiations are going on between ASEAN+6 countries (Source: ASEAN Website)
As Prime Minister Narendra Modi is set to visit Bangkok for the ASEAN summit from 2-4 November, Indian negotiators are discussing critical aspects of the RCEP mega trade deal to ensure it is "fair and transparent", before committing to sign it.
Vijay Thakur Singh, Secretary (East), Ministry of External Affairs, said: "India will wait for the outcome of the negotiations on the Regional Comprehensive Economic Partnership. Some critical issues are outstanding."
"We will only participate in a fair and transparent trading environment," she said at a media briefing here.
Indian officials are "narrowing the gaps" during their negotiations, including putting in adequate protection against cheap Chinese imports which are feared could flood the Indian market, once RCEP is concluded.
Differences over some areas, like rules of origin, e-commerce, auto-trigger mechanism and trade remedies, are being discussed by Indian officials ahead of the summit meeting.
Indian trade officials will meet in Bangkok on 1 November, ahead of the ASEAN summit.
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