In recent months serious apprehensions and reservations on RCEP have been expressed by a large number of sectors including steel, plastics, copper, aluminium, machine tools, paper, auto, and others.
The experts stated that the government's decision to not join this pact vindicates the concerns of domestic industry from sectors such as dairy and metal
Fifteen other nations, however, went ahead with the deal after the conclusion of the summit in Bangkok, which was also attended by Prime Minister Narendra Modi
Modi decided not to join the deal in order to protect service workers and farmers
'India had significant issues of core interest that remain unresolved' MEA said.
In his meeting with Phuc, the prime minister discussed ways to further bolster bilateral strategic cooperation between India and Vietnam
PM Modi is said to have stated that in its present form, the agreement does not fully reflect the basic spirit and the agreed guiding principles of RCEP
The statement came days after PM Modi said a mutually beneficial RCEP, in which all sides gain reasonably, is in interests of India and of all the partners
Sources also added that overall, we are clear that a mutually beneficial RCEP, in which all sides gain reasonably, is in interests of India and of all partners in the negotiations.
'RCEP will flood India with cheap goods, resulting in millions of job losses & crippling the Indian economy,' Gandhi said
If we believe it's time for India to transform itself into to a developed country, with the aspiration of a $ 5 trillion economy, then we ought to get over this protectionist mindset
New demands from India have left RCEP officials scrambling to salvage progress
Deadline set to be extended by a few months
OCI card holders can enrol for NPS; 1,000 youth from Asean nations to get post-doctoral seats in IITs
On India-ASEAN summit, Modi said the focus will be on deepening economic partnerships
Bloomberg News reported this week that India made last-minute demands after it earlier agreed to terms of a deal
If finalised, the RCEP deal will facilitate creation of the biggest free-trade region in the world
Amul Managing Director RS Sodhi told PTI he had a discussion with Goyal on RCEP on Wednesday
Technically, India will have time till the end of February 2020 to sort out bilateral market access issues
Addressing a state consultation workshop on Make in India, the minister said India would enter into any FTA or comprehensive partnership on its own terms