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Monday, December 23, 2024 | 12:39 PM ISTEN Hindi

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India didn't join RCEP as 'offer was not as much as our aspirations': FM

India's decision to not to join the mega deal was announced by Prime Minister Narendra Modi during his speech at the RCEP Summit in Bangkok early this month.

Finance Minister Nirmala Sitharaman speaks to journalists after a cabinet meeting in Delhi (Photo: PTI)
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Finance Minister Nirmala Sitharaman speaks to journalists after a cabinet meeting in Delhi (Photo: PTI)

Press Trust of India Chennai
India did not join the Regional Comprehensive Economic Partnership (RCEP) as the offer was not as much as our aspirations, Union Finance Minister Nirmala Sitharaman said on Saturday. The government was taking efforts to ensure more regulatory mechanism in the banking sector to benefit bank account-holders, she said in the context of the PMC Bank and IL&FS issues.
India took the call not to the join RCEP despite spending considerable amount of time on the negotiating table, she said addressing the 6th G Ramachandran Memorial Lecture here. "The offer was not as much as as our aspirations in particular sectors," she

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