India Exits Asia's Mega Trade Pact, Decides Not to Join RCEP Agreement. After months of negotiations, India has decided not to join Asia’s mega free trade pact, government officials said on Monday evening. The other 15 countries involved in the deal – the 10 member states of the Association of Southeast Asian Nations (ASEAN) and its five free trade agreement (FTA) partners – will go ahead with the process that will ensure a signed deal by 2020. At a press conference organised in Bangkok on Monday evening, India’s ministry of external affairs said that the move to drop out of the RCEP was correct.
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