Hindustan Times-Nov 16

The prime directive in India’s trade policy today is simple — sign nothing that opens the door to Chinese products. That is why New Delhi turned its back on the Regional Comprehensive Economic Partnership (RCEP) trade agreement, which was signed this weekend. India will pay a price in terms of global credibility. It is rare for a country to walk out of a free trade agreement (FTA) which it engaged with from the moment of inception. Yet, it is a powerful signal that India henceforth will adhere to a strategic trade policy that breaks with its past ad hoc mix of generous market access and arbitrary protectionism. And all of this comes with minimal economic costs as India has FTAs with all but three RCEP members.

Read more at: https://www.hindustantimes.com/editorials/india-s-trade-policy-keep-china-out/story-pgdrfiOt0Roo9dzLkLn3bL.html