Tuesday 14 July 2020 ,
Tuesday 14 July 2020 ,
Latest News
  • Jamuna Group Chairman Nurul Islam Babul dies in hospital
  • Bangladesh reports 3,099 new Covid-19 cases, 39 deaths
  • JKG Healthcare chairman Dr Sabrina put on 3-day remand
  • Govt to employ 1200 teams to check sacrificial animals’ health
  • Dhaka eateries defy health guidelines despite virus risk
  • CMP deputy commissioner dies of Covid-19
  • Buriganga launch capsize: Launch master of Mayur-2 held
  • 180 colleges, universities join lawsuit opposing new US visa policy
  • Coronavirus Hotline Numbers: 01944333222, 16263, 333; website: www.corona.gov.bd
5 November, 2019 00:00 00 AM / LAST MODIFIED: 4 November, 2019 11:48:43 PM
Print

India won't join Asian trade deal RCEP:Modi

NDTV, New Delhi
India won't join Asian trade deal RCEP:Modi

India will not be part of the the Regional Comprehensive Economic Partnership or RCEP -- which will be the world's largest free trade pact of 16 nations.  India has called for a "mutually beneficial RCEP in which all sides gain reasonably", which, on the ground, involves market access and tariffs.
There were indications that the 16 nations which would be part of the world's largest free trade pact, may proceed without India to announce a provisional agreement amid trade tensions continue between the US and China, pushing economic growth in the region to its lowest in five years. The deal is expected to be signed next year.    
In his address, Indian Prime Minister Narendra Modi said the present form of the RCEP Agreement "does not fully reflect the basic spirit and the agreed guiding principles" or India's concerns.
Citing the country's farmers, traders, professionals and industries, and workers and consumers, who have a stake in such decisions, he said: "When I measure the RCEP Agreement with respect to the interests of all Indians, I do not get a positive answer. Therefore, neither the Talisman of Gandhiji nor my own conscience permits me to join the RCEP".
India has been forcefully raising the issue of market access and tariffs amid concern that the country might be flooded with cheap Chinese agricultural and industrial products once the deal is signed.
Over the weekend, the trade ministers from 16 RCEP nations -- who met on the sidelines of the ASEAN summit -- failed to resolve the outstanding issues though back-channel talks.
Sources said India was consistent in raising its concerns from Day One during the RCEP negotiations.

 

Comments

Most Viewed
Digital Edition
Archive
SunMonTueWedThuFri Sat
01020304
05060708091011
12131415161718
19202122232425
262728293031
More News stories
Prince Charles hails Sheikh Hasina for her Covid-19 strides Prince Charles, the Prince of Wales, yesterday extended his sincere thanks to Prime Minister Sheikh Hasina for her letter in which she had wished Prince Charles’s early recovery from the novel coronavirus.…

Copyright © All right reserved.

Editor : M. Shamsur Rahman

Published by the Editor on behalf of Independent Publications Limited at Media Printers, 446/H, Tejgaon I/A, Dhaka-1215.
Editorial, News & Commercial Offices : Beximco Media Complex, 149-150 Tejgaon I/A, Dhaka-1208, Bangladesh. GPO Box No. 934, Dhaka-1000.

Editor : M. Shamsur Rahman
Published by the Editor on behalf of Independent Publications Limited at Media Printers, 446/H, Tejgaon I/A, Dhaka-1215.
Editorial, News & Commercial Offices : Beximco Media Complex, 149-150 Tejgaon I/A, Dhaka-1208, Bangladesh. GPO Box No. 934, Dhaka-1000.

Disclaimer & Privacy Policy
....................................................
About Us
....................................................
Contact Us
....................................................
Advertisement
....................................................
Subscription

Powered by : Frog Hosting