NEW DELHI : FICCI President Mr Sandip Somany in his recent comment on
India not joining RCEP said, "We at FICCI fully support Prime Minister
Narendra Modi's decision against joining RCEP, as India's several
concerns remain unaddressed and various issues are unresolved so far in
the proposed deal under negotiation. In recent months serious
apprehensions and reservations on RCEP have been expressed by a large
number of sectors including steel, plastics, copper, aluminium, machine
tools, paper, automobiles, chemicals, petro-chemicals and others.
Further, there were not enough positive developments in the area of
trade in services including easier mobility for our professionals and
service-providers. I compliment Prime Minister Narendra Modi for taking a
very pragmatic decision towards safeguarding the interest of Indian
industry and the Country as a whole."
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