RCEP Meeting Flashcards
1
Q
What is the full form of RCEP ?
A
Regional Comprehensive Economic Partnership
2
Q
What does RCEP cover ?
A
- Goods and Services,
- Investments
- Economic and Social Cooperation
- Intellectual Property
3
Q
Which ministry is representing India ?
A
Ministry of Commerce, Industry and Civil Services
4
Q
What is ASEAN ?
A
Association of Southeast Asian Nations
5
Q
Which ASEAS countries does India have free trade agreement with ?
A
Japan and South Korea
6
Q
Which other countries is India trying to negotiate free trade agreement with ?
A
Australia and New Zealand
7
Q
What is India pushing for ?
A
Liberalising norms for to promote services trade
8
Q
Whom all does RCEP consist of ?
A
10 ASEAN countries
+
6 free trade partners (India falls here)
9
Q
Major fear of ministries over this meeting ?
A
Free trade with China could lead to heavy loss.
Impacting Make-In-India
