Congress Party : Signing RCEP will be the “Third Big Jolt” after GST & Demonetization to the Indian Economy!
Vishal Malhotra (Photo-Video) Lokesh Goswami Tennews New Delhi :
New Delhi(25/10/2019): The Congress Party today opposed India signing the Regional Comprehensive Economic Partnership (RCEP) agreement, saying that it will be the “third big jolt” to the Economy after GST and demonetization and will result in liberalising Chinese imports to Indian market.
Addressing a conference today, Congress leader Jairam Ramesh said that there was possibility of India signing the RCEP agreement.
He added, “After demonetisation and GST, it will be the third big jolt to our economy when the Prime Minister goes to Bangkok the next month and expresses India’s agreement to Regional Comprehensive Economic Partnership.”
Jairam Ramesh said that the government was not talking about` Made in India’ now and the agreement will encourage ‘Made in China’.
He added that balance of trade was heavily in favour of China.
“RCEP will result in liberalisation of imports from China. We don’t know that what was discussed in Wuhan or Mahabalipuram but we can see the results, there will be liberalisation in imports from China. ‘Made in India’ is not mentioned now. It’ll encourage ‘Made in China’,” added Jairam Ramesh while concluding his speech!
He said that managing director of Amul has written a letter to Union Commerce Minister Piyush Goyal in which he has expressed concern and said that Indian dairy cooperative will be ruined if India proceeds with RCEP.
