Which of the following statements correctly explain India's withdrawal from the Regional Comprehensive Economic Partnership (RCEP)?
1. Concerns over potential import surge, especially from China.
2. Inadequate provisions for services and movement of professionals.
3. Exit from all trade agreements under UNESCAP, including APTA.
4. RCEP was an ASEAN-led initiative supported by UNESCAP for regional integration.

How many of the statements given above are correct?
(a) Only one
(b) Only two
(c) Only three
(d) All four

Question

Which of the following statements correctly explain India's withdrawal from the Regional Comprehensive Economic Partnership (RCEP)?
1. Concerns over potential import surge, especially from China.
2. Inadequate provisions for services and movement of professionals.
3. Exit from all trade agreements under UNESCAP, including APTA.
4. RCEP was an ASEAN-led initiative supported by UNESCAP for regional integration.

How many of the statements given above are correct?
(a) Only one
(b) Only two
(c) Only three
(d) All four

ONLiNE UPSC · Accepted Answer

Statement 1 is correct: One of the primary reasons India pulled out was fear that cheap imports, particularly from China, would hurt its domestic industry, agriculture, and MSME sector.

Statement 2 is correct: India pushed for better terms in Mode 4 (movement of natural persons), but RCEP did not offer significant gains in services, an area where India is competitive.

Statement 3 is not correct: India remains a member of other UNESCAP-related agreements like the Asia-Pacific Trade Agreement (APTA). Withdrawal from RCEP was not a blanket exit from all UNESCAP frameworks.

Statement 4 is correct: RCEP was indeed initiated by ASEAN and is aligned with UNESCAP&rsquo;s objectives of fostering Asia-Pacific regional economic integration.

India's Withdrawal from RCEP

Reasons for India's Withdrawal

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M Question 1	⏱ 0
Which of the following statements correctly explain India's withdrawal from the Regional Comprehensive Economic Partnership (RCEP)? 1. Concerns over potential import surge, especially from China. 2. Inadequate provisions for services and movement of professionals. 3. Exit from all trade agreements under UNESCAP, including APTA. 4. RCEP was an ASEAN-led initiative supported by UNESCAP for regional integration. How many of the statements given above are correct? (a) Only one (b) Only two (c) Only three (d) All four