(Video) Rajya Sabha TV (RSTV) The Big Picture: Reciprocal Trade Policy

Topic: Reciprocal Trade Policy

Guest:

A. K. Bhattacharya, (Editorial Director, Business Standard)
Banuchandar Nagarajan, (Former Consultant, The World Bank, Washington DC)
Santosh Tiwari, (Senior Director, FICCI)

Topic Description:

Highlighting the prinicple of reciprocal access to global market, Commerce and Industry Minister Piyush Goyal has said that if Indian companies are not allowed to participate in businesses or opportunities emerging in any country then India will also not allow those countries to participate in India.

He also made a statement in the upper house on Tuesday on India's decision to not join RCEP and said India has not benefited to it's expected potential from some of the Free Trade Agreements. He stressed on the need for a balanced market access outcome across all pillars of negotiations, fair trade practices, open market based operations and transparency.