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Piyush Goyal says RCEP was not in the interest of domestic industry, may sign trade pacts with EU, US
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Piyush Goyal says RCEP was not in the interest of domestic industry, may sign trade pacts with EU, US
Jan 16, 2020 9:22 AM

Commerce minister Piyush Goyal on Thursday said RCEP was not in the interest of domestic industry and that was the reason why India did not sign the free trade agreement last year.

Goyal said India faced a lot of discrimination and unfair trade practices from different countries.

RCEP or Regional Comprehensive Economic Partnership is a proposed free trade agreement between ten member states of the Association of Southeast Asian Nations and their five FTA partners.

Speaking at Raisina Dialogues, a multilateral conference held annually in New Delhi, the minister said there was a possibility of trade pacts with European Union and the US.

First Published:Jan 16, 2020 6:22 PM IST

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