RCEP did not address concerns of India: Goyal
Team Udayavani, Nov 20, 2019, 4:56 PM IST
New Delhi: The government told Lok Sabha on Wednesday that it did not join the mega free trade agreement RCEP as the grouping did not address the outstanding issues and concerns of India.
Commerce and Industry Minister Piyush Goyal in a written reply to the House said that during the third RCEP Leaders Summit on November 4 in Bangkok, India stated that the current structure did not reflect its guiding principles or address the outstanding issues and concerns of India, in the light of which India did not join the agreement.
The Regional Comprehensive Economic Partnership (RCEP) bloc comprised 10 Association of South East Asian Nations (Asean) group members (Brunei, Cambodia, Indonesia, Malaysia, Myanmar, Singapore, Thailand, the Philippines, Laos and Vietnam) and their six FTA partners – India, China, Japan, South Korea, Australia and New Zealand.
He said that RCEP had provisions on trade remedies which also covers anti-dumping rules.
“Moreover, India was seeking an automatic trigger safeguard mechanism (ATSM) for tackling import surges,” he added.
Replying to a separate question on start-ups, he said 7,141 start-ups are recognised by the DPIIT during this fiscal till November 5.
Out of this, a maximum of 1,778 are from Maharashtra. It is followed by Karnataka with 1,374 start-ups, Delhi with 1,152 and Uttar Pradesh with 709.
In terms of sector, a maximum of 1,351 start-ups are from IT sector. It is followed by healthcare (808), education (658), professional and commercial services (400) and finance technology (362).
Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.
Top News
Related Articles More
Remarks on Allopathy: SC asks Ramdev to implead complainants in his plea for stay of criminal probes
Thane man loses Rs 38 lakh in share-trading scam, case registered
Women voters outnumber men in all 5 Assam LS seats where voting is underway
Lok Sabha elections 2024: Open ‘Mohabbat ki Dukaan’ in every corner by defeating hatred, Rahul tells voters
LS polls phase 1: Voting underway in 102 seats, leaders urge people to turn up in large numbers
MUST WATCH
Latest Additions
Remarks on Allopathy: SC asks Ramdev to implead complainants in his plea for stay of criminal probes
Thane man loses Rs 38 lakh in share-trading scam, case registered
Women voters outnumber men in all 5 Assam LS seats where voting is underway
Hubballi murder: Law and order in Karnataka heading towards Bihar, says Bommai
Udupi: Biker killed, pillion rider injured in fatal collision