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LATEST NEWS UPDATES | Experts warn about the dangers of signing RCEP -Kundan Pandey

Experts warn about the dangers of signing RCEP -Kundan Pandey

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published Published on Oct 18, 2019   modified Modified on Oct 18, 2019
-Down to Earth

At a media interaction in New Delhi, experts from civil society organisations enumerated damages that could be caused to various sectors of the Indian economy if India signed the deal

Various sectors of the Indian economy including agriculture, dairy, services and data will be facing the heat due to the forthcoming Regional Comprehensive Economic Partnership (RCEP) according to leaked documents, experts said while talking to media on October 16, 2019.

Biswajit Dhar from the Jawaharlal Nehru University noted that India already had complete market access in most countries that were participating in RCEP. “What additional market access is India is going to get after the RCEP deal?” he asked.

This question became pertinent especially when one considered that India had foregone revenues of $5.3 billion due to preferential rates under free trade agreements in 2018 while at the same time considering releasing sovereign bonds to get some funds, Dhar added.

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Down to Earth, 16 October, 2019, https://www.downtoearth.org.in/news/agriculture/experts-warn-about-the-dangers-of-signing-rcep-67283?fbclid=IwAR2CBReecEbnpaa2dG69TJcKj5n_e1zwNsqgJAip2dwDbT9ImqnzPgzH7


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