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Resource centre on India's rural distress
 
 

RCEP's threat to agriculture staved off, but that does not solve the sector's problems -Siraj Hussain

-TheWire.in

In the last five years, India’s exports of agricultural commodities have gone down from $43.25 billion in FY 2014 to $39.20 billion in FY’2019.

The run-up to the RCEP leader summit in Bangkok last week was truly amazing. While farmers and trade union activists from both the Left and Right were opposed to India signing the RCEP, the government seemed to be in two minds.

Indeed, senior ministers were reluctant to take a clear position as it was not clear if the Centre had not decided whether India would join Asia’s mega free trade pact.

It was only on November 4 that things become clear when the Prime Minister, in his speech at the summit announced that India would drop its plans as negotiations had failed to address “outstanding issues and concerns”.

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