Union Minister Amit Shah said the decision will ensure support to India’s farmers, MSME sector, dairy and manufacturing sectors, among others
New Delhi: On Monday BJP senior leader and Union Home Minister Amit Shah said that India’s decision not to sign the Regional Comprehensive Economic Partnership reflects Prime Minister Narendra Modi’s powerful leadership and unflinching resolve to protect the national interest under all circumstances.
Earlier PM Modi said India will not join the RCEP deal as negotiations failed to satisfactorily address New Delhi’s “outstanding issues and concerns”. He made the announcement during his speech at the RCEP Summit here, which was attended by several world leaders.
Union Minister Amit Shah said the decision will ensure support to India’s farmers, MSME sector, dairy and manufacturing sectors, among others.
Amit Shah said, “PM Modi’s firm stand over the years of not going ahead with a deal if our interests are not taken care of is a welcome break from the past, where a weak UPA government ceded precious ground on trade and could not protect the national interest,”.
India’s decision to not sign RCEP is a result of PM @narendramodi’s strong leadership & unflinching resolve to ensure national interest in all circumstances.
It shall ensure support to our farmers, MSMEs, dairy & manufacturing sector, pharmaceutical, steel & chemical industries.
— Amit Shah (@AmitShah) November 4, 2019
PM Modi said the present form of the RCEP Agreement did not fully reflect the basic spirt and the agreed guiding principles of the RCEP. “It does not address satisfactorily India’s outstanding issues and concerns. In such a situation, it is not possible for India to join the RCEP Agreement.”
According to the sources, China tried to forced India to ink the deal during the RCEP summit in an attempt to counterbalance the impact of its lingering trade war with the US as well as to protect the region’s economic might to the Western countries.
India has been raising the issue of market access as well as protected lists of goods mainly to shield its domestic market as there have been fears that the country may be flooded with cheap Chinese agricultural and industrial products once it signs the deal.
Congress chief spokesperson Randeep Surjewala said it is a win for all those protecting national interests.
Surjewala said “A forceful opposition by Congress and Rahul Gandhi ensures that the BJP government backs down from bartering the interests of farmers, dairy producers, fishermen, small and medium businesses at the altar of political expediency. A victory for all fighting for protecting national interests,”.
“The Modi Government was trying to push to sign RCEP without addressing genuine concerns and national interests,” added the Congress.
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