RCEP
The Regional Comprehensive Economic Partnership (RCEP), a mega trade bloc comprising 15 countries led by China has come in limelight. About RCEP Regional Comprehensive Economic Partnership (RCEP) is a free trade agreement (FTA) between - The 10 members of ASEAN Additional members of AS EAN +3 = China, Japan, South Korea Members with which ASEAN countries have FTA = Australia, New Zealand The group is expected to represent at least 30% of the global GDP and will emerge as the largest free trade agreement in the world. It includes more than 3 billion people, has a combined GDP of about $17 trillion, and accounts for about 40 per cent of world trade. India's reluctance India's ties with China in recent months have been disturbed by the military tension in eastern Ladakh along the LAC. In the meantime, India has also held a maritime exercise with Japan, Australia, and the United States for the "Quad" that was interpreted as an anti-China move. However, these moves did n...