Wednesday, January 29, 2020
News

RCEP is FTA, have not closed our minds to it: Jaishankar

   SocialTwist Tell-a-Friend    Print this Page   COMMENT

New Delhi | January 15, 2020 2:41:20 PM IST
External Affairs Minister S Jaishankar on Wednesday said that the Regional Comprehensive Economic Partnership (RCEP) is a free trade agreement and will be evaluated based on "economic and trade merit", asserting that India has not closed its doors on the agreement.

"At the end of the day, RCEP is FTA. Where RCEP is concerned, we have to look at cost and benefit. We will evaluate RCEP on its economic and trade merit. We have not closed our mind to it," Jaishankar said at an event.

Giving the clarification on the decision taken by India, EAM said, "In Bangkok, the bottomline of RCEP did not match the bottomline India was looking for."

Last year, India decided not to join the RCEP agreement as its key concerns were not addressed.

The key issues behind India's decision included inadequate protection against import surge, insufficient differential with China, possible circumvention of rules of origin, keeping the base year as 2014 and no credible assurances on market access and non-tariff barriers.

RCEP is a proposed free trade agreement (FTA) between the ten member-states of ASEAN and FTA partners.

Talking about India-China relations, the minister termed the ties unique and said that both countries need to find equilibrium.

"Neither India nor China can get India-China relations wrong. Our relationship is unique. Each country has gone up in the world simultaneously. It is necessary that the two countries find equilibrium," he said. (ANI)

 
  LATEST COMMENTS (0)
POST YOUR COMMENT
Comments Not Available
 
POST YOUR COMMENT
 
 
TRENDING TOPICS
 
 
CITY NEWS
MORE CITIES
 
 
 
MORE WORLD NEWS
Trump announces Mideast peace plan backi...
US dropped record 7,423 bombs on Afghani...
Jordanians hold sit-in against Trump's M...
Trump defence cuts short arguments as Bo...
High stakes political fight moves to Iow...
Trump shares maps of Israel and Palestin...
More...
 
INDIA WORLD ASIA
Largest media job fest aims at placement...
High drama in Kerala Assembly as MLAs bl...
SC asks 14 Gujarat rioters to do spiritu...
SC to close hearing in 10 days on religi...
Assam gets best tableau award for R-Day ...
Anti-terror operations intensify in Kash...
More...    
 
 Top Stories
PM Modi condoles death of people in... 
US dropped record 7,423 bombs on Af... 
Two brain function biomarkers might... 
Sharjeel Imam brought to Patna airp... 
NGOs received highest foreign donat... 
Jordanians hold sit-in against Trum... 
Alcohol consumption during pregnanc... 
China allocates 4.4 billion yuan fo...