Please enable JavaScript.
Coggle requires JavaScript to display documents.
Regional Comprehensive Economic Partnership (RCEP) - Coggle Diagram
Regional Comprehensive Economic Partnership (RCEP)
10 ASEAN COUNTRIES
PLUS FIVE: AUS,NW, JAPAN, CHINA,South Korea
Reduce or Eliminate Tarrif
Technical Cooperation
Liberalize Investment Rules
Trade & Goods Liberalization
Intellectual Property Rights
WHY INDIA Walked Out?
Inability to Counter Measures
No assurance of Market Access to India
Rules of Origin Criteria
Trade Balance Paradox
Chance of Surge in Imports
Protecting Domestic Market
GAINS
Atmanirbar Bharat , not becoming Chinas dumpyard
Relief for Farmers
A Diplomatic Win
DRAWBACKS of INDIA Walking out
Economic Survey accepts benefits of FreeTradeAgreement s
Expansion of Service Sector
Missed Opportunity with ASEAN
Counterbalancing China
Isolation from Global Value Chain
Employees with GVC earn 33.3% more than local production employees
Could have Boosted Exports, No need to pay Duty
Why India to Review Decision?
Rhetoric VS Reality
Learning from Allies
For post covid19 speedy Economic Recovery
Balancing the Block
India Way Forward
Focus on Structural Reforms eg: Labor Laws
Improve Logistics
Skill Development
Become as Competitive as ASEAN countries
FTAs with EU and USA : as competition is on not similar products