Regional Comprehensive Economic Partnership (RCEP)
- It is a free trade agreement (FTA) between the ten member states of the ASEAN and its five FTA partners – Australia, China, Japan, New Zealand, and the Republic of Korea.
- It was signed in 2020. India did not join the grouping.
- It accounts for about 30% of the world’s population and 30% of global GDP.
Conscience (Ethics)
- When India decided not to join the grouping, PM Modi said, “When I measure the RCEP agreement with respect to the interests of all Indians, I do not get a positive answer. Therefore, neither the Talisman of Gandhiji nor my own conscience permits me to join RCEP.”
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