1. ndia has joined talks to create the worlds largest trade bloc, the Regional Comprehensive Economic Partnership (RCEP). This is a Free Trade Agreement (FTA) involving the 10 Association of Southeast Asian Nations (ASEAN) Member States and its FTA Partners Australia, China, India, Japan, Korea and New Zealand. The RCEP will include more than 3 billion people, with a combined GDP of $17 trillion, and account for 40% of world trade. The move signals the Indian Governments intent to reduce import tariffs further in the coming years, a proposal that may not get too much support from domestic industry. In return, the Government is hoping to get a better deal for Indian nurses, teachers and auditors who want to work in any of the 16 initial members of the proposed RCEP, including Australia and New Zealand. Explain two possible reasons why India originally introduced import tariffs (2 Points x 2.5 Marks = 5 Marks )