Nirmala Sitharaman also attempts to maintain a balance by underscoring various measures taken by the government towards the woman and child welfare, culture and tourism, environment and climate change
Indian economy well-poised to take off; govt will hold discussions with Britain, EU on free trade agreements, says Piyush Goyal
On RCEP, Goyal said it was an "unbalanced trade agreement, which was really not fulfilling the guiding principles on which RCEP started about eight years ago, therefore India chose not to participate in it".
RCEP trade pact: Govt to protect interest of industry before entering into any agreement, says Piyush Goyal
Commerce and Industry Minister Piyush Goyal said on Monday that the government will protect the interest of domestic industry before entering into the proposed mega free-trade pact RCEP, which is in the last phase of negotiations
Steel ministry to give formal view on RCEP after meeting with stakeholders; industry concerned over China presence in group
Steelmakers are in fact demanding that steel products should be kept out of the purview of the RCEP as the mega trade pact could lead to flooding of products from nations like Japan, South Korea and China.
Sitharaman said the key issues raised by the industry include surge in imports, competitiveness of some sectors and increasing investments, among others.
Nevertheless, 94 percent of companies in these sectors say that the FTAs they are using have boosted their exports to corresponding markets.