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Why India should not sign #RCEP

🇮🇳 signed Free Trade Agreements with ASEAN,Korea & Japan,with whom overall trade deficit increased to $41.8 billion 2019 from $15 bill in 2011 & $5 bill in 2006

Imagine d trade deficit spike with #China after RCEP, which is $ 53.6 billion
26.15% of the GVA from India’s #agri sector in 2016-17 was constituted by livestock. Further, 66.93% of the value of livestock output was from #milk i.e. roughly every fifth rupee in agri comes from #dairying. Now, imagine, opening this sector to cheap #milk imports thru #RCEP.😟
Canada allows a small amount of imported products duty-free/low tariffs. Higher amounts attract steep tariffs– 245% on #cheese or 298% on #butter, shielding Canadian farmers from foreign competition, & we on d other side r devising way to flood India with cheap imports thru #RCEP
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