
India is poised to gain advantages similar to those from the Regional Comprehensive Economic Partnership (RCEP) without direct engagement, following its decision to withdraw in 2019. The country has now secured Free Trade Agreements (FTAs) with all RCEP members except China. This strategic approach allows India to access markets and attract investment, such as a $20 billion pledge from New Zealand, while maintaining control over tariffs and avoiding potential risks associated with an FTA with China.