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India is still open to RCEP talks, says MEA Jaishankar

In November, China joined 14 countries in agreeing terms for RCEP, with India pulling out at the last minute saying the deal would hurt its farmers, businesses, workers and consumers

twitter-logo Reuters        Last Updated: January 15, 2020  | 13:44 IST
India is still open to RCEP talks, says MEA Jaishankar
File photo of Foreign Minister Subrahmanyam Jaishankar

India has not closed the door on a China-led regional economic pact, even though Asia's third-largest country pulled out of the deal last November, Foreign Minister Subrahmanyam Jaishankar said on Wednesday.

In November, China joined 14 countries in agreeing terms for the Regional Comprehensive Economic Partnership (RCEP), with India pulling out at the last minute saying the deal would hurt its farmers, businesses, workers and consumers.

RCEP brings together the 10-member Association of Southeast Asian Nations (ASEAN), China, Japan, South Korea, Australia and New Zealand.

"Where RCEP is concerned, we have to look at cost and benefit. We will evaluate RCEP on its economic and trade merit. We have not closed our mind to it," Jaishankar said.

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