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PM Modi to attend RCEP summit and to review negotiations on India’s concerns

PM Modi is scheduled to attend a bilateral talk with Vietnam Prime Minister Nguyen Xuan Phuc, Prime Minister Shinzo Abe, Prime Minister Scott Morrison

Thailand: On Monday Prime Minister Narendra Modi will attend the Regional Comprehensive Economic Partnership (RCEP) Summit. The leaders of the member countries will review negotiations which are ongoing in Bangkok currently and will continue over the next few days.

The RCEP is a free trade agreement among 10 ASEAN countries, namely Brunei, Cambodia, Indonesia, Malaysia, Myanmar, Singapore, Thailand, the Philippines, Laos and Vietnam and their six FTA partners China, Japan, India, South Korea, Australia, and New Zealand.

The negotiations with Indian members continued as India is seeking some changes in the FTA to protect its domestic industry. This could bring some respite to the agitating sections of the Indian industry, especially the trade and agriculture communities in India.

While, India also has existing FTAs with Japan and South Korea, making its discussions with China the most critical element of this deal.

After Prime Minister Modi’s departure to Bangkok for ahead a three-day visit, the Ministry of External Affairs had said that the Indian negotiators are resolving critical outstanding issues pertaining to the RCEP trade deal to ensure it is fair and transparent.

PM Modi is scheduled to attend a bilateral talk with Vietnam Prime Minister Nguyen Xuan Phuc, Japanese Prime Minister Shinzo Abe and Australian Prime Minister Scott Morrison. He will be attending a special lunch on Sustainable Development. Modi is scheduled to depart from Don Mueang International Airport Bangkok to Delhi at 10 pm.

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