India decided to opt out of RCEP in national interest: Piyush Goyal
Addressing media in New Delhi, the Commerce Minister said, India decided not to be part of the Regional Comprehensive Economic Partnership, RCEP agreement in national interest. He said, Prime Minister Narendra Modi has taken this historic step in the interest of the farmers and medium and small scale industries. Mr Goyal said, India strongly put forth its key demands before the member countries and made it clear that it will not compromise with its national interest.
The Minister said, a balanced trade deficit, better market access of the Indian goods and services and protection of the industries from the unfair trade practices were the key demands of India.