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| RCEP all set to take challenges, opportunities: CII President | | | Early Times Report
Jammu, Nov 4: The crucial RCEP Leaders' Summit is all set to take an important political call on the RCEP negotiations on Monday 4th November at Bangkok. Prime Minister Narendra is scheduled to attend this meeting and put forward India's concerns with regards to ongoing RCEP negotiations. Never in the past has any trade agreement attracted so much attention from such a wide-spectrum of stakeholders in India, said CII in a Press Release issued here today. Prime Minister Narendra Modi has rightly said that India wants win-win outcome from RCEP negotiations. He also reiterated India's consistent demand of according equal importance to all three major subjects of negotiations - goods, services and investment. CII supports the stance articulated by the Prime Minister" said Vikram Kirloskar, President, CII, commenting on the important trade deal. "A large section of Indian Industry has expressed serious concerns about joining RCEP on the basis of a very genuine reasons, especially pertaining to China and CII is thankful to the Government for taking these on board while negotiating the trade agreement. However, any decision of joining an agreement of this size and magnitude must not be based on our concerns with regards to just one country.
FTAs must be considered from their long term impact, both on our domestic market and the access it provides. |
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