GST key to India’s entry to APEC: US study

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 After years of dithering, as India is finally ready to accept that it needs to join APEC, a new study by US think tank Asia Society says its accession could accelerate the reform agenda, attract more FDI and help the country to eventually join either TPP (Trans-Pacific Partnership) or FTAAP (Free Trade Area of Asia Pacific).

Kevin Rudd, former PM of Australia, who led the report under the aegis of the New York-based Asia Society Policy Institute, told TOI that he was excited to hear finance minister Arun Jaitley recommend APEC as an “important way station for India” in a recent speech, raising hopes that New Delhi may finally shed its hesitation a year after formally asking for it.


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