For Now, India Is Out: Commerce Minister

But New Delhi is open to discussion if other bloc members sincerely address its concerns

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Commerce and Industry Minister Piyush Goyal has clarified that India has taken a final decision to stay out of the Regional Comprehensive Economic Partnership (RCEP) agreement for the present, but if the 15-member bloc made sincere efforts to resolve its concerns then it could talk to them.

“As we have said the present decision (to exit RCEP) is absolutely final. But as the 15 nations have themselves said...if they make a sincere effort to resolve our concerns and give us confidence and help us to balance the trade inequality….then I think every nation should talk to their friends. We have no enmity with anyone,” Goyal said addressing a question at a press conference on Tuesday on the joint statement issued by the RCEP Leaders in Bangkok stating that member countries will work together to address India’s concerns.