Act East Policy.

 RCEP will provide access to new markets and India can leverage its capabilities in IT, Healthcare, Education and services to utilize these opportunities.

o Challenges faced by India in RCEP

 Tariff barriers, which have been a matter of discontent in bilateral FTAs, particularly in the case of the ASEAN-India FTA.

 Non-trade issues such as environment and labor are likely to be prickly as well and need greater attention.

 Strengthening MSME sector to not only survive the free flow of trade, but also to become a set of more competitive players.

 China will be a major difficulty for India while negotiating terms with it.