Amul thanks PM Modi for protecting dairy sector by opting out of RCEP

Dairy Giant Amul has thanked Prime Minister Narendra Modi for opting out of Regional Comprehensive Ecomic Partnership (RCEP) free tre agreement. Being a part of RCEP would have sabotd interest of 10 crore milk producer families in India, it furr said. AMUL released a statement in this regard saying, "On behalf of 36 lakh milk producers of Gujarat, Amul has thanked Prime Minister for his exemplary leership in protecting 10 crore milk producer families of India. It has appreciated vision and resolve of Prime Minister for supporting domestic milk producers against flood of imports of dairy products from New Zealand and Australia under proposed RCEP."

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AMUL umbrella brand under which 17 dairies of Gujarat market ir milk and milk products, said it held several meetings with Commerce Ministry officials to apprise government about likely impact of offering zero duty imports of cheaper dairy commodities from Australia and New Zealand under proposed RCEP agreement.

AMUL also highlighted "wrong case" built by ecomists and lobbyists working in Centre for Regional Tre who wrongly portrayed need for imports by "fabricating data".

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Indian farmers, MSMEs, and dairy sector interests protected

"But finally, it was determination and vision of Prime Minister Narendra Modi that he communicated firmness in his resolve to t enter RCEP by clearly stating that key concerns of our country were t dressed and that this decision would help farmers and dairy sector," statement re.

India has decided to back out of proposed RCEP agreement, even as 15 or nations, which participated in negotiation for pact, decided to go ahe and sign it in 2020. India decided to stay out of RCEP because draft agreement did t provide equate protection against surge in cheap imports, especially from China to India after implementation of RCEP. opt-out was in a bid to protect interests of farmers, MSMEs and dairy sector in country.

“India has participated in good faith in RCEP discussion and negotiated hard with clear-eyed view of our interests. In given circumstances, we believe that t joining agreement is right decision for India,” said Vijay Thakur Singh, Secretary (East), Ministry of External Affairs.

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