India’s withdrawal from RCEP: neutralising national trade concerns

Pankhuri Gaur

Journal of the Asia Pacific Economy, 2022, vol. 27, issue 2, 270-288

Abstract: The new wave of nationalism has led to an increase in trade barriers, trade wars and break away from Mega-regionals of various economic powers in the world. In-line with the United States in TPP and the United Kingdom in the European Union, India has also withdrawn from RCEP, inter alia, to protect its domestic market from flooding of imports with no gains in services. With the on-going global recession, this protectionist behaviour of countries has intensified the global slow growth. The paper dwells into the reasons for India’s backout and concludes that it would lose its export potential and an opportunity to be part of value chains in the region. Concomitantly, other members of the grouping would also lose their export potential in the Indian market. Therefore, RCEP members should re-evaluate the grouping without India and India should consider a middle way approach to be a part of this Mega-regional.

Date: 2022
References: Add references at CitEc
Citations: View citations in EconPapers (3)

Downloads: (external link)
http://hdl.handle.net/10.1080/13547860.2020.1809772 (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:taf:rjapxx:v:27:y:2022:i:2:p:270-288

Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/rjap20

DOI: 10.1080/13547860.2020.1809772

Access Statistics for this article

Journal of the Asia Pacific Economy is currently edited by Leong Liew

More articles in Journal of the Asia Pacific Economy from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().