RCEP and Its Members : Few days back Indian prime minister Narendra Modi decided to move out from RCEP , now the question is What Is RCEP ? RCEP kya hai and who are its members , we are going to tell you full details about it.
What Is RCEP ?
RCEP stands for Regional Comprehensive Economic Partnership. It Is proposed free trade agreement in Asia-Pacific region between ten ASEAN members i.e Association of Southeast Nation and the Five FTA partners.
Who are members of RECP ?
- Ten members from ASEAN – Association of Southeast Nation. – Malaysia, Philippines, Singapore, Thailand, Indonesia, Brunei, Vietnam, Laos, Myanmar and cambodia.
- Five FTA Partners – China, Japan, South Korea, Australia, New Zealand
It is to be noted that India was also the member of RCEP but in 2019 Indian Prime Minister Narendra Modi Decided to move out from this agreement. We will discuss about the reason in other post , you can find them in suggestions, whats you take on it , please let us know in comment section, we will publish the better responses in our post.
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