TFIPOST हिन्दी
TFIPOST Global
Tfipost.com
Tfipost.com
No Result
View All Result
  • Premium
  • Politics
    • All
    • Analysis
    • Opinions
    • Trending
    google maps shows akbar road as maharana pratap road

    Google Maps Shows Delhi’s Akbar Road as Maharana Pratap Road, Sparks Debate

    Air India Shake-up: DGCA Removes Top Brass Over Crew Duty Violations

    Air India Shake-up: DGCA Removes Top Brass Over Crew Duty Violations

    Murugan conference: A Divine Route to Political Strategy

    NDA Seeks Lord Murugan’s ‘Blessings’ For Political Revival In Tamil Nadu

    PM Modi’s July Diplomacy Drive: Five-Nation Tour to Boost India’s Global Influence

    PM Modi’s July Diplomacy Drive: Five-Nation Tour to Boost India’s Global Influence

    • Analysis
    • Opinions
    • Trending
  • Economy
    • All
    • Business
    • Economy1
    • Finance
    India Makes Global Strides in QS Rankings 2026 with Record 54 Institutions

    India’s Education Sector Makes Global Strides in QS Rankings 2026 with Record 54 Institutions

    Get Insurance: Secure your Tomorrow with Confidence

    Get Insurance: Secure your Tomorrow with Confidence

    real estate

    US Firms Hit All-Time High in Office Space Leasing Across India: Report

    PM Narendra Modia

    11 Years of Modi Govt: Making Welfare Seamless with Direct Benefit Transfers, DigiLocker, UMANG

    • Business
    • Finance
  • Defense
    • All
    • Defence
    • Strategy
    • Weaponry
    ICRA’s analysis highlights that defence companies are benefitting from strong execution progress

    India’s Defense Sector Set for 15–17% Growth in FY26: ICRA Report

    India’s Hypersonic Glide Missile Nears Completion, Says DRDO Chief

    India’s Hypersonic Glide Missile Nears Completion, Says DRDO Chief

    British F-35 Fighter Jet Stranded: Technical Glitch Grounds Stealth Aircraft

    British F-35 Fighter Jet Stranded in India for 4 Days: Technical Glitch Grounds Stealth Aircraft

    reliance infrastructure in strategic partnership

    Reliance Infrastructure and Dassault Aviation Expand Falcon Jet Manufacturing to India

    • Defence
    • Strategy
    • Weaponry
  • Geopolitics
    • All
    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
    India- Pak war dents America's rebound

    Indo-Pak War 2025 Dents America’s Rebound

    PM Modi’s July Diplomacy Drive: Five-Nation Tour to Boost India’s Global Influence

    PM Modi’s July Diplomacy Drive: Five-Nation Tour to Boost India’s Global Influence

    Yoga as India's soft power

    As the World Bends, India Leads: Yoga Day and the Quiet Strength of Soft Power

    Air India Bombing: Canada Police Identifies ‘Mr. X’ After 4 ,Decades Too Late for Justice

    Air India Bombing: Canada Police Identifies ‘Mr. X’ After 4, Decades Too Late for Justice

    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
  • Knowledge
    • All
    • Culture
    • Education
    • History
    • Indology
    Kamakhya Devi Temple- Ambubachi Mela

    Where the Goddess Bleeds: Inside the Sacred Mysteries of Kamakhya Temple

    Yoga as India's soft power

    As the World Bends, India Leads: Yoga Day and the Quiet Strength of Soft Power

    India Makes Global Strides in QS Rankings 2026 with Record 54 Institutions

    India’s Education Sector Makes Global Strides in QS Rankings 2026 with Record 54 Institutions

    jagannath rath yatra

    Everything You Need to Know About Jagannath Rath Yatra: History, Significance, Rituals, and Celebrations

    • Culture
    • History
    • Indology
  • Law
  • Lounge
    • All
    • Books
    • Cinema
    • Entertainment
    • Food
    • Games
    • Health
    • Lifestyle
    • Satire
    • Sports
    • technology
    • Travel
    mistakes to avoid during yoga

    6 Common Yoga Mistakes to Avoid for a Better Practice

    Yoga as India's soft power

    As the World Bends, India Leads: Yoga Day and the Quiet Strength of Soft Power

    Troubleshooting LED Power Supply Issues: A Step-by-Step Guide

    Troubleshooting LED Power Supply Issues: A Step-by-Step Guide

    Lenacapavir becomes first FDA-approved HIV preventive drug

    FDA Approves First Twice-Yearly HIV Prevention Shot: Lenacapavir

    • Books
    • Cinema
    • Food
    • Health
    • Sports
    • technology
    • Travel
    • Satire
Tfipost.com
  • Premium
  • Politics
    • All
    • Analysis
    • Opinions
    • Trending
    google maps shows akbar road as maharana pratap road

    Google Maps Shows Delhi’s Akbar Road as Maharana Pratap Road, Sparks Debate

    Air India Shake-up: DGCA Removes Top Brass Over Crew Duty Violations

    Air India Shake-up: DGCA Removes Top Brass Over Crew Duty Violations

    Murugan conference: A Divine Route to Political Strategy

    NDA Seeks Lord Murugan’s ‘Blessings’ For Political Revival In Tamil Nadu

    PM Modi’s July Diplomacy Drive: Five-Nation Tour to Boost India’s Global Influence

    PM Modi’s July Diplomacy Drive: Five-Nation Tour to Boost India’s Global Influence

    • Analysis
    • Opinions
    • Trending
  • Economy
    • All
    • Business
    • Economy1
    • Finance
    India Makes Global Strides in QS Rankings 2026 with Record 54 Institutions

    India’s Education Sector Makes Global Strides in QS Rankings 2026 with Record 54 Institutions

    Get Insurance: Secure your Tomorrow with Confidence

    Get Insurance: Secure your Tomorrow with Confidence

    real estate

    US Firms Hit All-Time High in Office Space Leasing Across India: Report

    PM Narendra Modia

    11 Years of Modi Govt: Making Welfare Seamless with Direct Benefit Transfers, DigiLocker, UMANG

    • Business
    • Finance
  • Defense
    • All
    • Defence
    • Strategy
    • Weaponry
    ICRA’s analysis highlights that defence companies are benefitting from strong execution progress

    India’s Defense Sector Set for 15–17% Growth in FY26: ICRA Report

    India’s Hypersonic Glide Missile Nears Completion, Says DRDO Chief

    India’s Hypersonic Glide Missile Nears Completion, Says DRDO Chief

    British F-35 Fighter Jet Stranded: Technical Glitch Grounds Stealth Aircraft

    British F-35 Fighter Jet Stranded in India for 4 Days: Technical Glitch Grounds Stealth Aircraft

    reliance infrastructure in strategic partnership

    Reliance Infrastructure and Dassault Aviation Expand Falcon Jet Manufacturing to India

    • Defence
    • Strategy
    • Weaponry
  • Geopolitics
    • All
    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
    India- Pak war dents America's rebound

    Indo-Pak War 2025 Dents America’s Rebound

    PM Modi’s July Diplomacy Drive: Five-Nation Tour to Boost India’s Global Influence

    PM Modi’s July Diplomacy Drive: Five-Nation Tour to Boost India’s Global Influence

    Yoga as India's soft power

    As the World Bends, India Leads: Yoga Day and the Quiet Strength of Soft Power

    Air India Bombing: Canada Police Identifies ‘Mr. X’ After 4 ,Decades Too Late for Justice

    Air India Bombing: Canada Police Identifies ‘Mr. X’ After 4, Decades Too Late for Justice

    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
  • Knowledge
    • All
    • Culture
    • Education
    • History
    • Indology
    Kamakhya Devi Temple- Ambubachi Mela

    Where the Goddess Bleeds: Inside the Sacred Mysteries of Kamakhya Temple

    Yoga as India's soft power

    As the World Bends, India Leads: Yoga Day and the Quiet Strength of Soft Power

    India Makes Global Strides in QS Rankings 2026 with Record 54 Institutions

    India’s Education Sector Makes Global Strides in QS Rankings 2026 with Record 54 Institutions

    jagannath rath yatra

    Everything You Need to Know About Jagannath Rath Yatra: History, Significance, Rituals, and Celebrations

    • Culture
    • History
    • Indology
  • Law
  • Lounge
    • All
    • Books
    • Cinema
    • Entertainment
    • Food
    • Games
    • Health
    • Lifestyle
    • Satire
    • Sports
    • technology
    • Travel
    mistakes to avoid during yoga

    6 Common Yoga Mistakes to Avoid for a Better Practice

    Yoga as India's soft power

    As the World Bends, India Leads: Yoga Day and the Quiet Strength of Soft Power

    Troubleshooting LED Power Supply Issues: A Step-by-Step Guide

    Troubleshooting LED Power Supply Issues: A Step-by-Step Guide

    Lenacapavir becomes first FDA-approved HIV preventive drug

    FDA Approves First Twice-Yearly HIV Prevention Shot: Lenacapavir

    • Books
    • Cinema
    • Food
    • Health
    • Sports
    • technology
    • Travel
    • Satire
No Result
View All Result
Tfipost.com
Tfipost.com
No Result
View All Result
  • Premium
  • Politics
  • Economy
  • Defense
  • Geopolitics
  • Knowledge
  • Law
  • Lounge

Congress never protected domestic industry’s interest in Free Trade Agreements

Free Trade Agreements are now being drafted with people and Indian industry’s interest in mind

TFI Desk by TFI Desk
23 October 2019
in Business
Free Trade Agreements, FTAs, UPA, Congress, Anand Sharma

Former Commerce MInister of India, Shri Anand Sharma. (Pic Credits: AFP)

Share on FacebookShare on X

Piyush Goyal, the Minister of Commerce and Industry stated that India will protect National Interest before entering a free trade deal. “Every interest of domestic industry and the people of India has to be protected before we execute any free-trade agreement,” said Piyush Goyal.

Goyal also raised the issue of hurried ASEAN – India trade deal which has been severely criticized by experts. “We saw in 2009-10 period of Congress regime, where agreements were done in a hurry,” said Goyal.

RelatedPosts

Sonia Gandhi’s ‘Surrendering Values’ Jab: A Muslim Vote-Bank Play, Not a Moral Stand

Tharoor’s Silent Dissent: Cracks Deepen Within Congress Ranks

Irrigation or Irregularities? Kaleshwaram Project Under Political Fire in Telangana

Load More

The ASEAN-India FTA, signed in 2009 by the UPA government gave disproportionate concession to the countries like Vietnam and Indonesia. India agreed to eliminate 74 per cent of tariff lines while Indonesia and Vietnam eliminated only 50 and 70 per cent tariff lines respectively.

The then CM of Kerala, V. S. Achuthanandan, led a delegation to PM Manmohan Singh to protest against a free trade deal with ASEAN. Kerala, a major exporter of plantation products, experienced setback due to the South Asian Free Trade Agreement (SAFTA), signed in 2006 by the UPA government. The cheap coconut imports from Sri Lanka hurt the state’s coconut cultivation industry.

The state received another setback in the form of ASEAN-India FTA due to cheap palm oil imports from Malaysia, which is second largest producer of Palm oil. The cheap palm oil imports from Malaysia severely hit Kerala’s capacity. Recently, Modi government raised import duty on palm oil from 45 per cent to 50 per cent in the wake Malaysian Prime Minister’s comment on Kashmir.

The poorly negotiated India-ASEAN FTA severely hit the farming sector of the country, especially in South India, which has similar product base as that of Southeast Asia.

The industry leaders were not consulted during the previous trade deal, which was a hurried decision. Modi government had bought enough time from RCEP to carry out countless rounds of talks with industry leader and listen to their worries.

The biases of India-ASEAN free trade deal could be corrected through a better negotiation in RCEP deal and, Modi government is doing exactly that. Goyal has also hinted that India will hurry to sign RCEP and Indo-US trade deal will be given priority. A tough negotiator like Piyush Goyal, who has previous experience in the field of International trade, could surely bargain better than Kamal Nath or Anand Sharma (trade and commerce minister during UPA regime) who were novice in subject matter expertise.

Indian businesses worry that they will lose due to new trade deal because companies from RCEP member countries could offer cheaper products which will ultimately hurt their own sales and profits.

Previously, Siddaramaiah, former Chief Minister of Karnataka, accused that the government is working against the interest of farmers and welcomed the decision of the Congress President Sonia Gandhi to raise the issue in parliament.

“I welcome the decision of @INCIndia President Smt. Sonia Gandhi to support the fight against #RCEP and raise this cause in the Parliament in the interests of farmers,” tweeted Siddaramaiah.

I welcome the decision of @INCIndia President Smt. Sonia Gandhi to support the fight against #RCEP and raise this cause in the Parliament in the interests of farmers.
6/6@INCKarnataka

— Siddaramaiah (@siddaramaiah) October 23, 2019

Congress party, which signed two poorly negotiated trade deals with South Asian and Southeast ASEAN countries, have no moral authority to raise concerns over RCEP, which is being negotiated to correct the biases of India-ASEAN FTA. The poorly negotiated trade deals with South Asian and ASEAN countries, hurt the interest of Indian farmers while for Modi government, the national interest is paramount.

Tags: Anand SharmaCongressFTAsUPA
Share29TweetSend
Previous Post

Businessmen in some North Eastern states need to pay ‘Hafta’, if they want their businesses to survive

Next Post

Case against Kathua SIT: 1.5 Years after the heinous Kathua rape case, a fresh new twist emerges

Related Posts

real estate
Business

US Firms Hit All-Time High in Office Space Leasing Across India: Report

15 June 2025

Office leasing by American companies in India has reached historic levels, with 2024 setting a new annual record, driven...

Dassault and Tata to Begin Rafale Fuselage Production in India
Business

Dassault and Tata to Begin Rafale Fuselage Production in India, Marking Major Milestone in Defence Manufacturing

5 June 2025

In a major boost to India's defence manufacturing sector, French aerospace giant Dassault Aviation has signed four key production...

Key Features of Knowledge Management Tools for Businesses
Business

Key Features of Knowledge Management Tools for Businesses

4 June 2025

In today's rapidly evolving business environment, efficient knowledge management has become a cornerstone for success. As organizations grow and...

Load More

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms of use and Privacy Policy.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Currently Playing

when the God leaves the temple to be with his devotees.

when the God leaves the temple to be with his devotees.

00:05:31

R.P. Singh Exposes AAP: Following Indira's Model of Separatist Appeasement?

00:11:04

kamakhya Devi and the Power of Menstruation: Ambubachi Mela Explained.

00:04:47

From love to murder- how five plots took down raja raghuvanshi

00:04:38

Marriage gone murderous: expert explains the gruesome murder case.

00:13:01
Facebook Twitter Instagram Youtube
tfipostTfipost.com
Right Wing | News Analysis | Indian Opinion
  • About us
  • Careers
  • Brand Partnerships
  • Terms of use
  • Privacy Policy
  • Sitemap

©2025 TFI Media Private Limited

No Result
View All Result
  • Premium
  • Politics
    • Analysis
    • Opinions
    • Trending
  • Economy
    • Business
    • Finance
  • Defense
    • Defence
    • Strategy
    • Weaponry
  • Geopolitics
    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
  • Knowledge
    • Culture
    • History
    • Indology
  • Law
  • Lounge
    • Books
    • Cinema
    • Food
    • Health
    • Sports
    • technology
    • Travel
    • Satire
TFIPOST हिन्दी
TFIPOST Global

©2025 TFI Media Private Limited