Posted on :- 23 Jun 2019 03:04PM (Updated: 23 Jun 2019 03:10PM)
Danny Lum
(1) Thinking aloud, India is currently "digging in" and is still not willing to open up its consumer markets to the RCEP members -- and thus likely to again cause delay to the conclusion of the RCEP at the end of 2019.
(2) Given this background, will RCEP consider India to join the RCEP in Phase 2 until India is ready to join.
(3) Meanwhile should consider inviting other new member to replace India (with US$3 trillion GDP) - for eg. UK (also US$3 trillion GDP) to join the RCEP --- and try to conclude RCEP in Phase 1 by end 2019.
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