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FICCI fully supports PM Narendra Modi's decision against joining RCEP

Nov 05, 2019


NEW DELHI, 5 November 2019: FICCI President Mr Sandip Somany said, "We at FICCI fully support Prime Minister Narendra Modi's decision against joining RCEP, as India's several concerns remain unaddressed and various issues are unresolved so far in the proposed deal under negotiation. In recent months serious apprehensions and reservations on RCEP have been expressed by a large number of sectors including steel, plastics, copper, aluminium, machine tools, paper, automobiles, chemicals, petro-chemicals and others. Further, there were not enough positive developments in the area of trade in services including easier mobility for our professionals and service-providers. I compliment Prime Minister Narendra Modi for taking a very pragmatic decision towards safeguarding the interest of Indian industry and the country as a whole."