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India bows out of regional trade pact as 15 countries agree on terms

(L-R) India Prime Minister Narendra Modi, Thailand Prime Minister Prayut Chan-o-cha and Vietnam Prime Minister Nguyen Xuan Phuc
(L-R) India Prime Minister Narendra Modi, Thailand Prime Minister Prayut Chan-o-cha and Vietnam Prime Minister Nguyen Xuan Phuc Source: AAP

A massive regional trade pact covering half of the world's people has been agreed by 15 members at the ASEAN summit, including Australia, but it won't be signed until next year. But the Regional Comprehensive Economic Partnership is going ahead without India, concerned about opening its economy to China.


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By Matt Connellan, Sonia Lal, Mai Hoa

Source: SBS



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A massive regional trade pact covering half of the world's people has been agreed by 15 members at the ASEAN summit, including Australia, but it won't be signed until next year. But the Regional Comprehensive Economic Partnership is going ahead without India, concerned about opening its economy to China.



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