PM Modi averted RCEP ‘tragedy’, Piyush Goyal explains why India stayed out of the deal

PM Modi averted RCEP ‘tragedy’, Piyush Goyal explains why India stayed out of the deal

Why did India walk away from the Regional Comprehensive Economic Partnership (RCEP) in 2019? Commerce Minister Piyush Goyal recalls the negotiations and explains why Prime Minister Narendra Modi decided against joining the mega trade deal. Goyal said RCEP could have exposed Indian industries to Chinese goods without adequate tariff protection. The proposed pact involved China, Japan, South Korea, Australia, New Zealand and the 10 ASEAN nations. …

India’s RCEP Exit Saved Manufacturing Sector from ‘death Knell’: Piyush Goyal

Get latest articles and stories on Business at LatestLY. Addressing the ISID-IDRA Fourth National Conference, Goyal said India's participation in the trade agreement could have exposed domestic manufacturers to greater competition from Chinese products, threatening the country's industrial growth. Business News | India’s RCEP Exit Saved Manufacturing Sector from ‘death Knell’: Piyush Goyal.

India would have become nation of salesmen, salesgirls selling Chinese goods had it joined RCEP: Piyush Goyal

Commerce Minister Piyush Goyal said India's decision to walk out of the China-backed RCEP trade bloc in 2019 saved domestic manufacturing, while asserting that the proposed India-US trade agreement would protect all sensitive sectors