The protest is to urge PM Modi not to sign Regional Comprehensive Economic Partnership(RCEP) stating that it will have adverse far-reaching effects on India’s manufacturing industry.
An associate of the Rashtriya Swayamsevak Sangh the Swadeshi Jagran Manch on Thursday announced that it would carry 10 days of protests across the country to demand that government does not sign the Regional Comprehensive Economic Partnership(RCEP), a free trade agreement amongst 16 countries.
The announcement was made a day before the scheduled visit of Chinese President Xi Jinping to India. In a statement, the man said it would submit a memorandum through district magistrates asking Prime Minister not sign the agreement.
The memorandum conveyed the message to the Prime Minister that stated,” As you are aware, the Government of India is moving forward to enter a free trade agreement, RCEP with 15 countries, with provision to reduce import duty to zero on 80%-95% of goods. If this agreement is signed, then it will have adverse effects on production due to the increase in duty imports in manufacturing, agriculture and dairy. It is also stated that the Government’s ‘Make in India’ Initiative will come to a halt if the RCEP is signed.
“Most of our industries have undergone cessation or are on the verge of undergoing cessation. This is due to the dumping of cheap Chinese goods for a long time. In this case, the commitment of zero import duties on 80% of Chinese goods is beyond comprehension. It will not only destroy our industries but also will result in a loss of jobs.
Till 2012, the RCEP had proposed free trade agreement between 10 ASEAN countries and India, China, Japan, South Korea, Australia and Newzealand.