Speaking at a Press Conference at Bangkok, India’s Secretary (East) of External Affairs Ministry Vijay Thakur Singh said, the core issues of the country will not be compromised and this decision was taken in the interest of the nation. Ms Thakur said, the RCEP agreement with China and ASEAN countries does not reflect its original intent and the outcome is not balanced.
Prime Minister Narendra Modi on Wednesday had said that India will not join the mega Regional Comprehensive Economic Partnership (RCEP) deal as negotiations failed to address New Delhi’s outstanding issues and concerns.
Prime Minister Modi made the announcement during his speech at the RCEP Summit at Bangkok, which was attended by several world leaders. Mr Modi said, the present form of the RCEP Agreement does not fully reflect the basic spirt and the agreed guiding principles of the RCEP.
He said, it also does not address satisfactorily India’s outstanding issues and concerns and in such a situation, it is not possible for India to join the RCEP Agreement. Prime minister said, India stands for greater regional integration as well as for freer trade and adherence to a rule-based international order.