Will resolve outstanding issues raised by India for not joining RCEP: China

TIL Desk/World/Beijing/ China has said that it will follow the principle of “mutual understanding and accommodation” to resolve the outstanding issues raised by India for not joining the Beijing-backed mega Regional Comprehensive Economic Partnership (RCEP). China also said it would welcome India joining the deal at an early date.

Prime Minister Narendra Modi on Monday conveyed India’s decision not to join the RCEP deal at a summit meeting of the 16-nation bloc, effectively wrecking its aim to create the world’s largest free trade area having half of the world’s population.

“The present form of the RCEP Agreement does not fully reflect the basic spirt and the agreed guiding principles of the RCEP. It also does not address satisfactorily India’s outstanding issues and concerns. In such a situation, it is not possible for India to join RCEP Agreement,” Modi said.