Ahead of the special India-ASEAN commemorative summit, India has underlined the need for a fair and balanced outcome for the Regional Comprehensive Economic Partnership, the largest free trade area which is currently under negotiation between 16 countries.In the run up to the summit on January 25 in New Delhi, India’s Commerce and Industry Minister Suresh Prabhu stressed that that India would agree to this mega free trade agreement provided sensitivities and aspirations of all partner countries are adequately addressed.
Speaking at the ‘ASEAN-India Business and Investment Meet and Expo’ in New Delhi on January 22, Mr Prabhu said: “It is important to address the sensitivity of member countries and their aspirations as negotiations gather momentum. We would all aim to achieve an RCEP that results in the realization of the potential of the three key pillars of RCEP—goods, services, investment—in a manner that is balanced and collectively satisfactory. Keeping this in view, India will be working closely and constructively with all RCEP member countries, particularly Asean, towards early conclusion of negotiations”.
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