National co-convener of Swadeshi Jagran Manch Ashwani Mahajan tells ThePrint that from dairy sector to steel, chemical and automobile, no one wants RCEP.
PM Narendra Modi will take up India’s unresolved issues in the proposed Regional Comprehensive Economic Partnership trade agreement at the leaders’ summit next month if the 16 members are unable to resolve them over the next few days.
RCEP meet: India had proposed certain tweaks in the negotiating text of electronic commerce during the 9th Intersessional Ministerial Meeting.
Trade ministers to meet again on 1 Nov as India’s tough talk on market access continues and negotiators have been asked to resume talks to bridge differences by 19 October.
In the talks, the Chinese president also agreed to take sincere steps in a concrete way to address India’s concerns over ballooning trade deficit in China’s favour.
Ministers from 16 countries, including Japan, China, South Korea and the 10 members of the ASEAN made headway for their goal of concluding their negotiations on the proposed RCEP free trade deal by the end of this year.
RCEP militates against several of India’s critical interests. At least two countries from among the participating countries could seriously challenge India’s rural economy since they are seeking to enter the markets for wheat, sugar and dairy products.
The RSS-affiliated Swadeshi Jagaran Manch on Thursday announced that it would hold a nationwide protest against the Regional Comprehensive Economic Partnership (RCEP).
India has proposed locating computing facilities inside the country if it is meant to protect its essential security interests and national interests at the the ongoing negotiations of the proposed RCEP trade agreement.
People’s movements note with deep concern the developments with respect to India’s position on the proposed Regional Comprehensive Economic Partnership (RCEP)
Beijing continues to decline New Delhi’s demands on issues relating to market access. And India is worried that a further liberalized tariffs regime to China could harm domestic industry
India has viewed FTAs as an important tool to enhance its trade and investment, and signed a number of trade agreements with various countries or groups. And India’s experience intrade with its major FTA partners has not been very encouraging.
Trade ministers of the 16-nation RCEP grouping will meet in Bangkok on October 10-12, in what could be the last ministerial before a potential deal is sealed in November.
The steel industry has expressed serious concern with Government inching close to signing Regional Comprehensive Economic Partnership which will open duty-free imports into the country from China.
New Zealand and Australia were negotiating "very hard" with India at RCEP-FTA to reduce duty on dairy products so that they can get access to the world’s largest market of dairy products.
India’s bilateral trade talks with the US will continue when commerce and industry minister Piyush Goyal meets US commerce secretary Wilbur Ross on the sidelines of the India Economic Summit later this week.
India may cut or eliminate tariffs on 80% of products imported from China under a 16-country free trade agreement, the last round of negotiations for which is underway in Vietnam.
To sign the RCEP and start negotiations on a FTA with the US when the Indian economy is on the brink of economic downturn and needs strong domestic policies is a decision that is not in national or public interest.
The proposed agreement will have far-reaching consequences on dairying, agriculture and fishery sector sectors, says State Agriculture Minister
India and Chile have formally exchanged the terms of reference for expanding the bilateral preferential trade agreement (PTA).