RCEP was not balanced, Piyush Goyal

Union Commerce and Industry Minister Piyush Goyal on Tuesday said that India's stand not to join Regional Comprehensive Economic Partnership was in the best interests of small enterprises and domestic industry.
Addressing media in New Delhi, Goyal said, the decision on RCEP is in line with Prime Minister Narendra Modi's motto of putting India First. He said, balancing the trade deficit, checking unfair import were among India's key demands in the RCEP negotiations. Goyal said Indian industry needs protection from unfair trade pacts. He said, RCEP was not balanced. Meanwhile, China has  said  that it will follow the principle of “mutual understanding and accommodation” to resolve the outstanding issues raised by India for not joining the Beijing-backed mega Regional Comprehensive Economic Partnership (RCEP). China also said it would welcome India joining the deal at an early date.