India requires an open world economy and needs to use tradeas a lever for domestic reform and enhanced competition and should play a proactive#
FICCI President Harshavardhan Neotia said that recent years have seen the emergence of three mega - regional pacts, namely TPP, Transatlantic Trade and Investment Partnership (TTIP) – both led by the US; and the RCEP. Of the three mega-regionals, so far India has been involved in only one, namely, RCEP. But he pointed out that TPP could have implications for the RCEP members, because seven out of 16 RCEP members, namely, Australia, Japan, New Zealand, Brunei, Malaysia, Singapore and Vietnam were also members of TPP. (SH)
Fibre2Fashion News Desk – India
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