https://www.taxtmi.com/article/detailed?id=13935 India declined to ratify the Regional Comprehensive Economic Partnership to manage its trade deficit and protect nascent domestic industries, fearing tariff liberalisation would expose sensitive sectors-notably agriculture, dairy, and certain manufacturing-to cheap imports and weaken employment. The decision also reflected concerns about inadequate market access for services and weaknesses in intellectual property rights protections, compounded by geopolitical tensions with China, strong domestic opposition, and a strategic preference for bilateral trade arrangements while prioritising post-pandemic economic recovery. en-us Fri, 28 Mar 2025 08:32:14 +0530 Fri, 28 Mar 2025 08:32:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=13935 India declined to ratify the Regional Comprehensive Economic Partnership to manage its trade deficit and protect nascent domestic industries, fearing tariff liberalisation would expose sensitive sectors-notably agriculture, dairy, and certain manufacturing-to cheap imports and weaken employment. The decision also reflected concerns about inadequate market access for services and weaknesses in intellectual property rights protections, compounded by geopolitical tensions with China, strong domestic opposition, and a strategic preference for bilateral trade arrangements while prioritising post-pandemic economic recovery. Articles Customs - Import - Export - SEZ Fri, 28 Mar 2025 08:32:14 +0530 https://www.taxtmi.com/article/detailed?id=13935