Stakeholders consultations on trade in goods commitments under RCEP highlighted measures to boost India's trade with member countries

New Delhi, Dec 27 (KNN) With an aim to help augment India’s overall trade with the RCEP member-countries, the Centre for Regional Trade in collaboration (CRT) with the Government of Uttar Pradesh, organized the first stakeholders’ consultations on trade in goods commitments under Regional Comprehensive Economic Partnership (RCEP), said a statement by Indian Industries Association (IIA). IIA has participated in the meeting.

The association said “The consultations provided valuable inputs in the context of the overall trade in goods negotiations as well as for improving India’s trade facilitation infrastructure with the basic aim to help augment India’s overall trade with the RCEP member-countries.”

The Regional Comprehensive Economic Partnership (RCEP) is a mega trade agreement among the 10 countries of ASEAN, Australia, China, Japan, India New Zealand and South Korea.

The RCEP countries account for 32 per cent of global GDP and 28 per cent of global trade.

Given the level of significance that this agreement holds for the Indian economy as a whole and for India’s trade, CRT established by the Department of Commerce, GOI, has embarked on conducting country-wide Stakeholders’ Consultations to gather inputs with respect to the trade in goods commitments that India should look for in its negotiations.

The Consultations were done by the CRT Research Team, led by Dr Ram Upendra Das and addressed by R K Singh, Additional Commissioner, Export Promotion Bureau, UP and Mohit Suri, Chairman, IIA, Import and Export Committee.