India will not be part of the the Regional Comprehensive Economic Partnership or RCEP -- which will be the world's largest free trade pact of 16 nations. India has called for a "mutually beneficial RCEP in which all sides gain reasonably", which, on the ground, involves market access and tariffs. There were indications that the 16 nations which would be part of the world's largest free trade pact, may proceed without India to announce a provisional agreement amid trade tensions continue between the US and China, pushing economic growth in the region to its lowest in five years. The deal is expected to be signed next year.
