India pursues China-led trade deal despite domestic opposition

[Shahzaz ud din]

India pursues China-led trade deal despite domestic opposition
By
Agencies
-
October 10, 2019
0
185

NEW DELHI: India is pressing ahead with talks to join a China-led free trade pact, officials said on Thursday, despite the fears of some domestic producers that the country would be flooded with cheaper Chinese imports.

Negotiators for the 16-nation Regional Comprehensive Economic Partnership (RCEP) are in the Thai capital Bangkok this week for talks aimed at finalising the giant free trade zone by the end of the year.

Indian Trade Minister Piyush Goyal will join Indian delegates on the weekend for direct talks with his counterparts from China, Japan, Australia, New Zealand and Singapore.

Indian producers fear cutting tariffs on dairy and other produce would open the door to cheap Chinese imports and threaten an agriculture sector that supports most of India’s 1.3 billion people.

A political ally of Prime Minister Narendra Modi’s party has joined opponents of the free trade pact.

The nationalist Rashtriya Swayamsevak Sangh (RSS) called on Friday for a nationwide campaign against the deal, saying any change in tariffs would cripple factories and farms at a time of slowing economic growth.

“RCEP shackles the hands of the government to take the required policy measures to strengthen manufacturing and agriculture,” said RSS economic leader Ashwani Mahajan.

Proponents of the deal say it’s better for Indian agriculture to be in the trade zone than out.

“It would be better for India to have an open approach where agriculture can compete globally rather than adopt a conservative approach,” said A K Gupta, director of the Agricultural and Processed Food Products Export Development Authority, which falls under the commerce ministry.

India has reached an agreement in principle with other countries to include a safeguard mechanism that would trigger duties if goods are dumped from a partner country, a source with knowledge of the negotiations said.

The trade ministry will issue a statement later on Thursday, a spokeswoman said.

 

[war&peace]

Beggars cannot be choosers

 

[Zapper]

Beggar cannot be choosers

True that

 

[Mace]

Xi and Modi in Mamallapuram near Chennai

 

[Type59]

India is very protectionist when it comes to trade. What's others to open up market, but wont offer similar terms. Trump has not delivered on trade deal, now aiming for Chinese to gave concessions

 

[OIO]

India pursues China-led trade deal despite domestic opposition
By
Agencies
-
October 10, 2019
0
185

NEW DELHI: India is pressing ahead with talks to join a China-led free trade pact, officials said on Thursday, despite the fears of some domestic producers that the country would be flooded with cheaper Chinese imports.

Negotiators for the 16-nation Regional Comprehensive Economic Partnership (RCEP) are in the Thai capital Bangkok this week for talks aimed at finalising the giant free trade zone by the end of the year.

Indian Trade Minister Piyush Goyal will join Indian delegates on the weekend for direct talks with his counterparts from China, Japan, Australia, New Zealand and Singapore.

Indian producers fear cutting tariffs on dairy and other produce would open the door to cheap Chinese imports and threaten an agriculture sector that supports most of India’s 1.3 billion people.

A political ally of Prime Minister Narendra Modi’s party has joined opponents of the free trade pact.

The nationalist Rashtriya Swayamsevak Sangh (RSS) called on Friday for a nationwide campaign against the deal, saying any change in tariffs would cripple factories and farms at a time of slowing economic growth.

“RCEP shackles the hands of the government to take the required policy measures to strengthen manufacturing and agriculture,” said RSS economic leader Ashwani Mahajan.

Proponents of the deal say it’s better for Indian agriculture to be in the trade zone than out.

“It would be better for India to have an open approach where agriculture can compete globally rather than adopt a conservative approach,” said A K Gupta, director of the Agricultural and Processed Food Products Export Development Authority, which falls under the commerce ministry.

India has reached an agreement in principle with other countries to include a safeguard mechanism that would trigger duties if goods are dumped from a partner country, a source with knowledge of the negotiations said.

The trade ministry will issue a statement later on Thursday, a spokeswoman said.

No pain no gain!

 

[Type59]

Good moves
China and India should develop good relationship, basically they are not enemy.

China should keep neutral in the shit religious affairs

According to india their occupying your territory.

 

[war&peace]

According to india their occupying your territory.

You're dealing with a false flag sewer rat.

 

[Nilgiri]

Good moves
China and India should develop good relationship, basically they are not enemy.

China should keep neutral in the shit religious affairs

Yup this is best approach. There will be increasing economic cooperation in the coming decade (2020 - 2030). China has most of the 1st hand experience in lot of things India wants to expand.

RCEP will be good 1st step that reduce lot of current barriers between us.

BTW, this was very interesting development:

https://www.ft.com/content/440fecb8-e4cd-11e9-b112-9624ec9edc59

But as Chinese funds fight shy of the US, they are turning their energies to Asia. India and south-east Asia are a particular focus, with Chinese venture capital investment in India surpassing that in the US in the latest quarter, according to data from Refinitiv.

@rott @GeraltofRivia @Dungeness

 

[royalharris]

Radical religion is mentle disease

whatever support you have provided, how many times you have helped
they will blindly intervene your internal affairs once your enemy use religious tool make problems
Radical religion make people irrational

 

[royalharris]

we hope our South Asian neighbors can get along well with each other

 

[Type59]

we hope our South Asian neighbors can get along well with each other

Accept outside mediation. When two parties cannot agree on something they ask a third party to help. There's precedent, India went to icj for deathrow spy.

 

[Rusty]

Radical religion is mentle disease

whatever support you have provided, how many times you have helped
they will blindly intervene your internal affairs once your enemy use religious tool make problems
Radical religion make people irrational

This is your brain on a one party system.

When you are not allowed to have your own thoughts and opinions, you ever up like this guy.

 

[Dungeness]

This is your brain on a one party system.

When you are not allowed to have your own thoughts and opinions, you ever up like this guy.

These days, more PDF Pakistani are in mood attacking China than their Indian counterparts. Are you sure attacking China's one-party system is in Pakistan's best interest?

 

[Dungeness]

Yup this is best approach. There will be increasing economic cooperation in the coming decade (2020 - 2030). China has most of the 1st hand experience in lot of things India wants to expand.

RCEP will be good 1st step that reduce lot of current barriers between us.

BTW, this was very interesting development:

https://www.ft.com/content/440fecb8-e4cd-11e9-b112-9624ec9edc59

But as Chinese funds fight shy of the US, they are turning their energies to Asia. India and south-east Asia are a particular focus, with Chinese venture capital investment in India surpassing that in the US in the latest quarter, according to data from Refinitiv.

@rott @GeraltofRivia @Dungeness

Regested as a member on PDF exactly 4 years ago. I came to cherish the "Iron Brotherhood" with Pakistan people, and to troll Indian members who seemed to boast beyond India could deliver.

4 years later, I not long take side. Though I still troll those who boast, I have to say I respect what India has been trying to achieve and what it has accomplished, I despise those who would let their religious prejutice overtake their logic and common sense, worse, attack or even lecture those who have nothing but goodwill to them, by using the same Western propoganda that Chinese are so familiar with and tired of.