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India and TPP
The TPP and other mega trade agreements under negotiation such as the Transatlantic Trade and Investment Partnership and the Regional Comprehensive Economic Partnership (RCEP) are bound to challenge India's businesses in many ways. First, they will erode existing preferences for Indian products in established traditional markets such as the US and the European Union (EU), benefiting the partners to these agreements. Second, they are likely to develop a rules architecture which will place greater burden of compliance on India's manufacturing and services standards for access to the markets of the participating countries.
RCEP is a proposed free trade agreement between the 10-members of the Association of Southeast Asian Nations plus Australia, China, India, Japan, South Korea and New Zealand.
By: Vishal ProfileResourcesReport error
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