There have been several visits by high level officials from China to India and vice-versa in 2025. RCEP accounts for 30% of the global GDP and 30% of the global populationIndia pulled out of the RCEP, due to domestic pressure from certain important economic lobbies. The India-Japan CEPA was signed in 2011, and the India-Australia Economic Cooperation and Trade Agreement (ECTA) was implemented in December 2022. With the conclusion of the FTA with New Zealand, India has signed agreements with members of the RCEP other than China. Apart from the bilateral context, this agreement is important since India has managed FTAs with RCEP members, other than China, this is important from an economic and geopolitical context.

Source: dna January 01, 2026 13:21 UTC