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Mega FTA's are majorly driven by a complex nexus of economic and political factors often reflecting protection of sale, a state-centric objective, which pays attention to local societal players. The consecutive pursuit of multilateral trade negotiations and agreements by a small group of economies has positively contributed to boosting the dynamics of international trade. Due to the diminishing economic importance of North America and protectionist sentiment rising in the European Union, economic integration and regional cooperation have been initiated among the East Asia and South East Asia region. Regional Comprehensive Economic Partnership (RCEP) is considered one of the largest economic integration in Asia, functional as a trade bloc. India opted out of the RCEP with raising concerns from certain sectors like agriculture, textile, and allied sectors, among other sectors. However, a question needs attention - Is the decision to retract from RCEP a smart move by India? The current paper aims to answer this question by sermonizing concerns raised by two crucial sectors, i.e., Agriculture and Textile. To achieve this objective, set for the particular study, parameters like Volume of Exports and Imports of India and RCEP, Exports and Imports between India and RCEP nations in fields of Agriculture and Textiles are considered. [ABSTRACT FROM AUTHOR]

Current article assesses emerging trends in global trade in the case of Brazil-India-China (BIC) Alliance. Although the globalized world is still recovering from the global 2008 crisis, it may be perceived that Brazil, India and China showed considerable growth during the crisis, continuing with the trend even after the crisis period. So that the growth observed in these three countries could be demonstrated, current paper is divided into three sections. The first section will deal with the emerging trends in global trade. Section two will examine emerging trends in Brazil, India, and China's foreign trade. The third section will examine the characteristics of the concept of 'new regionalism' and the role of WTO in accelerating the rate of growth in world trade for the coming years. Revised bibliography and descriptive statistics will be the methodology employed. [ABSTRACT FROM AUTHOR]