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RCEP outcome shows our lack of confidence

Many factors have contributed to the doubts about our ability to reap the benefits under RCEP

(L to R) India's Prime Minister Narendra Modi, Indonesia's President Joko Widodo, and Japan's Prime Minister Shinzo Abe talk before a group photo during the East Asia summit in Nonthaburi, Thailand, Photo: (AP/PTI)
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(L to R) India's Prime Minister Narendra Modi, Indonesia's President Joko Widodo, and Japan's Prime Minister Shinzo Abe talk before a group photo during the East Asia summit in Nonthaburi, Thailand, Photo: (AP/PTI)

TNC Rajagopalan
Our government’s decision to stay out of the Regional Comprehensive Economic Partnership (RCEP) has drawn near-unanimous support from political parties and organisations representing farmers, traders and industries. It is clear recognition that Indian producers will find it difficult to cope with increased import, especially of dairy products from Australia and New Zealand and manufactured goods from China. 
 
In the early ‘90s, the minority government of Narasimha Rao decided to join the World Trade Organization (WTO). This was despite strong opposition from other political parties, sections of industry and farmers. Later, the coalition government of Vajpayee decided to remove the
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