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| Name | Explained: RCEP world's largest trade deal, India's rejection, China's dominance |
| Video Uploader | Video From Hindustan Times |
| Upload Date | This Video Uploaded At 15-11-2020 20:03:47 |
| Video Discription | The world's largest trade agreement, the Regional Comprehensive Economic Partnership pact, was signed by 15 nations on November 15 during a virtual summit. The new trading bloc thus created would cover 210 crore people, with the member states' combined GDP of $26.2 trillion accounting for around 30% of the global GDP. The finalisation of the deal comes around a year after India announced its decision to not join the grouping, mainly because the terms being skewed in China's favour. The deal would've allowed Chinese goods to flood Indian markets, threatening domestic industries. The pact is also a milestone China's ambition of becoming a trade lynch-pin. Watch the full video for more. Connect with Hindustan Times Press the bell icon on YouTube for all the latest updates from Hindustan Times Like us on Facebook: https://www.facebook.com/hindustantimes Tweet us on Twitter: https://twitter.com/httweets Follow us on Instagram: https://www.instagram.com/hindustantimes/ Find us on LinkedIn: https://www.linkedin.com/company/hindustantimes/ Subscribe to Hindustan Times on Telegram: https://t.me/hindustantimes RGkd3qRsWD8 |
| Category | News & Politics |
| Tags | india economy | rcep | asean | india china trade | free trade agreement | modi china | india china | INDIA CHINA ECONOMY | COVID ECONOMY | USA CHINA TRADE | MODI CHINA ECONOMY | TRADE AGREEMENT | TRANS PACIFIC PARTNERSHIP | DONALD TRUMP TPP | INDIA CHINA TRADE IMBALANCE | CHINESE CHEAP GOODS | RCEP EXPLAIN | WHAT IS RCEP | RCEP INDIA REFUSE | INDIA REJECT RCEP | WHY INDIA DIDNT JOIN RCEP | MODI RCEP |
