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India says no to Regional Comprehensive Economic Partnership


Sachin200

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India on Monday declined to join an Asia Pacific trade pact that would form a major trading bloc involving the region's top economies and cover nearly a third of the world's gross domestic product.

The Regional Comprehensive Economic Partnership was an agreement between the 10-member Association of Southeast Asian Nations and six of its large trading partners: China, Japan, South Korea, India, Australia, and New Zealand. Negotiations for the trade pact began in 2013 and India's reluctance to open up its markets has been one of the major obstacles over time.

Vijay Thakur Singh, a diplomat in charge of East Asian relations for India at the Ministry of External Affairs, said on Monday that India conveyed its decision to not join the RCEP agreement to other member states. Leaders from member states were in Thailand for a number of summits including the 35th ASEAN Summit.

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not just chinese products.....india had issue with opening up dairy business to Aus and NZ which are gr8 in Dairy farming. They would have flooded india with cheap dairy products that would have badly hit indian dairy business. remember most indian farmer make good income by dairy farming

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3 minutes ago, Marsmangalodu said:

Why cant indians compete with global products..chinese make good electronics aus makes good diary products why cant indian make good products with standards

lol...India is number one in Dairy products...both consumer and exporting as well.

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5 minutes ago, batman2 said:

not just chinese products.....india had issue with opening up dairy business to Aus and NZ which are gr8 in Dairy farming. They would have flooded india with cheap dairy products that would have badly hit indian dairy business. remember most indian farmer make good income by dairy farming

vallu tayaru chesi export cheisna kuda cheap price ki vastadi.. india lo aa range ki raleka potunam... why ?? ani sakkaga unnapudu ee pundakor note ban ani economy ni modda kudipadu... ipudu emo foreign countries tho poti pade paristiti leka musukukoni kurchuunadu...

ipudu ee chetta na koduku gov will decide the crops price in india.. and it will hit rock bottom again.. 

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1 minute ago, psycopk said:

and it will hit rock bottom again.. 

Daniki punadi AP nundi start ayitadi le....

India nashanam anedi AP nunde start avutadi le kaka...The day AP hits rock bottom, will trigger the downfall of India. 

Ipudu happy uh ?

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1 minute ago, psycopk said:

vallu tayaru chesi export cheisna kuda cheap price ki vastadi.. india lo aa range ki raleka potunam... why ?? ani sakkaga unnapudu ee pundakor note ban ani economy ni modda kudipadu... ipudu emo foreign countries tho poti pade paristiti leka musukukoni kurchuunadu...

ipudu ee chetta na koduku gov will decide the crops price in india.. and it will hit rock bottom again.. 

Edanna kaani bodi gadiki link edatav endi..taratarala problem ki karanm endi ani adugutunna

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18 minutes ago, batman2 said:

not just chinese products.....india had issue with opening up dairy business to Aus and NZ which are gr8 in Dairy farming. They would have flooded india with cheap dairy products that would have badly hit indian dairy business. remember most indian farmer make good income by dairy farming

So the consumer should suffer antaav

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