NEW DELHI - India is pressing ahead with talks to join a China-led free trade pact, officials said on Thursday , despite the fears of some domestic producers that the country would be flooded with cheaper Chinese imports.
Trade Minister Piyush Goyal will join Indian delegates on the weekend for direct talks with his counterparts from China, Japan, Australia, New Zealand and Singapore. A political ally of Prime Minister Narendra Modi's party has joined opponents of the free trade pact. "RCEP shackles the hands of the government to take the required policy measures to strengthen manufacturing and agriculture," said RSS economic leader Ashwani Mahajan."It would be better for India to have an open approach where agriculture can compete globally rather than adopt a conservative approach," said Mr A.K. Gupta, director of the Agricultural and Processed Food Products Export Development Authority, which falls under the commerce ministry.
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