The 10 member states of the Association of Southeast Asian Nations (Asean) and Australia, China, Japan, New Zealand and South Korea signed RCEP on Sunday. Japan led the drafting of a ministers’ declaration that left the door open for India to join the world’s largest trading bloc, covering nearly a third of the global economy, at a later stage.Referring to a long-delayed proposal for a free trade agreement (FTA) with EU, Jaishankar said the Indian government had spoken of the need to resume negotiations on this. India, he added, wants a “fair and balanced FTA” with EU.“I recognise that an FTA with Europe is not an easy negotiation. In the world, it must be the most difficult negotiation because it’s a very high standard FTA,” he said. He noted the two sides were looking at various proposals, including a separate agreement on investments or an “early harvest” deal.
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