The first WTO project was the Doha Round of Trade Agreements in 2001. It was a multilateral trade agreement among all WTO members. Developing countries would allow imports of financial services, particularly banks. This should modernize their markets. In return, developed countries would reduce agricultural subsidies. This would stimulate the growth of developing countries, which are good at food production. EFTA [17] has bilateral agreements with the following countries and blocs, including dependent territories: the Almighty Negotiating Committee (TNC), made up of the chief negotiators from all participating countries, is scheduled to meet on 17-18 October to discuss India`s concerns regarding electronic data exchange and local data storage requirements. At the 9th Intersessional Ministerial Meeting in Thailand, India proposed some changes in the text of the e-commerce negotiations. India wants the RCEP agreement to allow Member States to maintain their rights to protect digital data generated from their respective territories, in order to achieve legitimate public policy objectives and protect their essential security or national interest interests. In these circumstances, the country wishes to have the freedom to order commercial enterprises to set up their IT facilities in the country and to stop the cross-border flow of data they generate, in order to guarantee the security and confidentiality of these communications. India challenged the fact that, for one reason or another, other RCEP members could not challenge these decisions.

While its approach is commendable, experts who closely monitor developments are not sure that RCEP members who have initiated such controls should serve national interests or key security concerns. The burden of proof may itself be counterproductive if the national security interest in data protection is of a sensitive nature. Moreover, it is not certain that India`s proposal will be accepted by other negotiating countries. E-commerce, rules of origin and trade assistance are the only chapters of the 25 chapters of rcep that have yet to be finalized by members. The General Agreement on Tariffs and Trade (GATT) was a multilateral agreement regulating international trade. Its aim was to “substantially reduce tariffs and other trade barriers and eliminate preferences on a mutually beneficial basis.” It was negotiated at the United Nations Conference on Trade and Employment on the creation of the International Monetary Fund and the World Bank and was the result of the failure of negotiations on the creation of the International Trade Organization (ITO). The GATT, signed on 30 October 1947 in Geneva by 23 nations, came into force on 1 January 1948. It lasted until the signing on 14 April 1994 in Marrakech of the Uruguay Round agreements, which created the World Trade Organization (WTO) on 1 January 1995. ISDS cannot overturn local laws (unlike the World Trade Organization) that violate trade agreements, but can cause financial harm to investors affected by such laws. As the Office of the United States Trade Representative has pointed out, isds requires specific infringements and does not allow companies to file complaints exclusively for “loss of profits.” Countries agree to implement capacity-building and technical assistance programmes, particularly for the new ASEAN Member States, to regulate their economic structure and increase trade and investment with India.

Countries may, if necessary, set up other agencies to coordinate and implement all economic cooperation activities under this agreement.