\"The negotiation last night was conclusive,\" Commerce Minister Jurin Laksanawisit told Reuters on Monday.

When finalised, the RCEP would become the world's largest free trade area, comprising half of the world population and will account for nearly 40% of the global commerce and 35% of the GDP

According to CII, not being part of the RCEP would hinder India's efforts to increase its integration into regional and global chains

PM Modi in Thailand: The delay in finalising the Regional Comprehensive Economic Partnership (RCEP) deal is solely because of India's insistence on more tweaks in it to protect its domestic industry

Multiple diplomatic sources confirmed to PTI that except India, all 15 RCEP countries were on board in finalizing the deal when leaders of the grouping hold a summit meeting on Monday

Why India dithers on the mega trade deal

The SBI Ecowrap report points out that India's milk and dairy product imports could increase if New Zealand and Australia succeed in negotiating reduced duty on dairy products.

RCEP is a mega free trade agreement among 10 ASEAN countries and their six trading partners - Australia, China, India, Japan, South Korea and New Zealand