India is considering a fresh proposal sent by the Regional Comprehensive Economic Partnership (RCEP) members, that include the ASEAN, China, South Korea and Japan, asking it to re-join the negotiations and also indicating that some of the terms laid down by the country when it quit the talks last year may be met, an official has said.
The letter, proposing that India should get back on the negotiating table, was sent by the 15-member RCEP, which also includes Australia and New Zealand, following a meeting of the RCEP Trade Negotiations Committee on April 20-24.
At the negotiating committee meeting, the RCEP countries resolved to try and sort out India’s outstanding issues and also reiterated their intention to wrap up the free trade talks by 2020-end.
