Regional Comprehensive Economic Partnership (RCEP) , a trade agreement linking ten ASEAN countries with five of their key Free Trade Agreement partners, is one of the largest trade blocs in the world.    Illustration by The Geostrata The RCEP treaty is significant due to its representation of nearly a third of the world’s gross domestic product , encompassing a population of over two  billion  people and an estimated $5.2 trillion  in total exports. Despite its scale and s

"Somewhere Europe has to grow out of the mindset that Europe's problems are the world's problems, but the world's problems are not Europe's problems” Dr S. Jaishankar (Indian External Affairs Minister) The world today has been confronted with the strange reality of trade protectionism and aggressive tariff policies, which stem from the thought of intrinsic economic development amongst multiple countries, starting with the US. What was earlier seen as protectionism and reignit

India's trade policy since independence has been rooted in self-sufficiency and protectionism, which makes India's trade remarkably different. The first three and a half decades after independence were governed by very high tariffs, tight import restrictions, and a complex 'licence raj'   system to encourage young Indian industries, while protecting many sectors. Illustration by The Geostrata This self-sufficiency encouraged domestic manufacturing, but at the same time, it ha