India should be part of RCEP, CPTPP: Niti CEO

Quick Summary:

Niti Aayog CEO BVR Subrahmanyam stated that India should join the Regional Comprehensive Economic Partnership (RCEP) and Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) to benefit its MSME sector, which contributes 40% of India's exports.

He believes that joining these trade agreements will boost India's participation in the 'China plus one' strategy.

The 40% of India's exports are from MSMEs.

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Author / Journalist: Agencies

Category: EconomyBusiness

Markets: IndiaAustraliaBruneiCambodiaCanadaChileChinaIndonesiaJapanSouth KoreaLaosMalaysiaMexicoMyanmarNew ZealandPeruPhilippinesSingaporeThailandTurkeyVietnam

Topics: MSMEs India exports Regional Comprehensive Economic Partnership Niti Aayog CEO BVR Subrahmanyam India RCEP participation India trade agreements

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-08 @ 06:14:57 (5 hours ago)

News Timezone: GMT +5:00

News Source URL: timesofindia.indiatimes.com

Language: English

Article Length: 289 words

Reading Time: 2 minutes read

Sentences: 11 lines

Sentence Length: 27 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Times of India

News ID: 23465550

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