Source: The Hindu Business Line, Sept 11, 2017
New Delhi: Civil society organisations and labour group representatives have demanded that the Centre should save the manufacturing, agriculture and services sectors from the expected adverse impacts of the Regional Comprehensive Economic Partnership (RCEP), which would include job losses, as the 15 partner countries, including China, are sticking to their demands of extensive liberalisation.
“The RCEP must not be allowed to cause hollowing out of India’s manufacturing and agriculture. Analysis of previous FTAs (free trade agreements) with ASEAN, Japan and South Korea has shown that it is the trading partners that have benefited more with India’s trade deficit increasing. The presence of China in the group makes things worse for Indian manufacturers and services sector,” said JNU professor Biswajit Dhar at a press conference organised by the Forum Against FTAs, a network of India’s civil society organisations, trade unions and peoples’ movements. Read the rest of this entry »