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International relations

Five things to know about India's cool stance on RCEP

Face-saving document raises questions about New Delhi's future in trade deal

BANGKOK -- Sixteen nations, including China, India, Japan and the 10 ASEAN members and Australia, on Monday failed to reach an agreement on a free trade agreement touted as largest in the world: the Regional Comprehensive Economic Partnership.

A joint statement issued at the RCEP Summit in Bangkok said all participating countries other than India had largely agreed on the "text-based negotiations" and will proceed with "legal scrubbing," while continuing to work with India on outstanding issues.

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