RCEP outcome shows our lack of confidence

Our government’s decision to stay out of the Regional Comprehensive Economic Partnership (RCEP) has drawn near-unanimous support from political parties and organisations representing farmers, traders and industries. It is clear recognition that Indian producers will find it difficult to cope with increased import, especially of dairy products from Australia and New Zealand and manufactured goods from China.

In the early ‘90s, the minority government of Narasimha Rao decided to join the World Trade Organization (WTO). This was despite strong opposition from other political …

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