Keeping out of RECP ‘backward leap’ for India: Anand Sharma

New Delhi, Nov 17 : India’s decision to stay out of the transnational economic grouping RECP was “ill-advised” and a “backward” step, senior Congress leader Anand Sharma said on Tuesday.
“India’s decision of not joining the Regional Comprehensive Economic Partnership (RCEP) is unfortunate and ill-advised. It is in India’s strategic and economic interests to be a part of the process of Asia-Pacific integration.
“Withdrawal has negated years of persuasive negotiations for India to be accepted as part of RCEP. We could have negotiated safeguards to protect our interests. Keeping out of the RCEP is a backward leap,” said Sharma, who was Commerce Minister in the UPA government.
Sharma’s statement comes after former Union Finance Minister P. Chidambaram criticised the Modi’s government stand on RCEP but said that he will reserve his decision till the Congress takes official position on the issue.
Chidambaram had also expressed his dismay over the speech by Foreign Minister S. Jaishankar on Monday, where he railed against trade agreements and praised the virtues of protectionism.
“Mr Jaishankar is speaking in the language and in the words that I heard in the 1970s and 1980s,” Chidambaram said.