Press Release by BJP Working President Shri J.P. Nadda.

04-11-2019
Press Release

 

Press Release by Shri Jagat Prakash Nadda, Working President of Bharatiya Janata Party

India’s stand at RCEP a reflection of Prime Minister Narendra Modi’s strong leadership and India’s growing stature in the world

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Bharatiya Janata Party congratulates Prime Minister Shri Narendra Modi on his bold and historic decision not to join Regional Comprehensive Economic Partnership (RCEP) today.

He has undone the damage started by the Congress led UPA government which first explored a Free Trade Agreement (FTA) with China in 2007 and then joined the RCEP negotiations with fifteen countries including China in 2011-12. This was soon after they had hurriedly finalised very weak FTAs with ASEAN and South Korea in 2010 and Malaysia and Japan in 2011 opening Indian markets to imports with very little benefits in return. During the Congress led UPA government from 2004-14 India’s trade deficit with these nations increased 11 fold from $7 billion in 2004 to $78 billion in 2014.

Under the strong and decisive leadership of Prime Minister Shri Narendra Modi India has consistently ensured that India’s national interest will never be compromised and we should get a fair and balanced trade deal. Even though on several issues India stood alone during negotiations, no concessions were made and the nation’s interest was always paramount.

Unlike in the past, the Indian negotiators did not accept a bad deal on any issue and ensured that the concerns of India, particularly over trade deficit and better market opportunities for Indian goods were put forth very strongly. Since several issues remained unresolved until today, Prime Minister Shri Narendra Modi decided that India will not join RCEP to protect the interest of India’s MSMEs, dairy, farmers, pharmaceutical, steel, chemical and other manufacturing sectors against unfair imports.

Prime Minister Shri Narendra Modi has upheld Mahatma Gandhi’s principles and not accepted a deal which did not safeguard the interests of the poor. He is recognized the world over as a “tough negotiator” and he has once again demonstrated his resolve to protect the interest of the people of India at all times. Under Prime Minister Shri Narendra Modi India’s foreign policy reflects “India First”.

 

Tweets:

 

 

 

(Mahendra Pandey)

Office Secretary

 

 

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