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RCEP trade negotiations will continue into 2019: Prabhu
New Delhi, Sep 4 (IANS) The long-drawn negotiations for the Regional Comprehensive Economic Partnership (RCEP) agreement will continue into 2019 to sort out issues related to goods and services trade among member nations, Commerce Minister Suresh Prabhu said on Tuesday.
The Minister was briefing reporters here following a meeting of trade Ministers of the 16-nation RCEP in Singapore last week, which concluded on Sunday.
The RCEP is being negotiated by 10 Asean nations — Brunei, Cambodia, Indonesia, Malaysia, Myanmar, Singapore, Thailand, the Philippines, Laos and Vietnam — and their six free trade agreement (FTA) partners India, China, Japan, South Korea, Australia and New Zealand.
“The RCEP negotiations will not end in 2018. It has been agreed at the level of leaders that it will go on in 2019 as well. We will have the opportunity to work on all the issues,” Prabhu said on the sidelines of a promotional event organised by the India Coffee Board.
Of the 16 countries in the proposed multilateral grouping, India does not have FTAs with Australia, New Zealand and China, which pose a hurdle to RCEP negotiations, Prabhu said.
“We cannot negotiate through the RCEP route with these countries… on India’s insistence, we will now negotiate with China, Australia and New Zealand separately along with RCEP negotiations.”
At the Singapore talks, India was able to convince on the issue of a grace period of more than 20 years before the RCEP guidelines on free trade are implemented, Prabhu said.
He said that custom lines being negotiated would be adopted later after suggestions are received by the Commerce Ministry from all trade associations in the country.
According to the Minister, at the Singapore meeting, India emphasised on three important issues, including linkage of services to goods negotiations since the agreement is a comprehensive one.
“We have emphasised on the inclusion of services under goods in the economic agreement. Our argument has been accepted and now services will also be included under the ambit of RCEP,” he said.
India currently has a massive trade deficit with China, while segments of Indian industry have periodically voiced concern that lowering or eliminating import duties for China may flood the Indian markets with goods from the communist country.
–IANS
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Dr. Abhishek Verma Dedicates a Shelter in Memory of His Mother, Veena Verma, at KGMU; Inaugurated by Daughter Nicolle Verma
World-renowned business tycoon Dr. Abhishek Verma has supported Foodman Vishal Singh’s Hunger-Free World mission. In memory of his mother, Late Veena Verma, who was a 3 term Rajya Sabha MP.
Dr. Verma dedicated a state-of-the-art free permanent shelter for the attendants of patients at KGMU Medical University, Lucknow, under the aegis of Vijay Shree Foundation. His daughter, Nicolle Verma, inaugurated the shelter.
During the event, Foodman Vishal Singh honored Nicolle Verma by presenting her with a memento. Mrs. Nidhi Sharma and Avantika Yadav, associated with the organization, welcomed her with garlands. Following this, Nicolle Verma distributed essential items to the attendants and also handed out fruits. She became emotional remembering her grandmother on her birth anniversary.
On this occasion, she also inaugurated the “Veena Verma Sevalaya” in memory of her grandmother, Veena Verma, to serve the attendants. She expressed, “I feel proud that my family is engaged in nation-building as well as social service. Today, in collaboration with Vijay Shree Foundation founder Foodman Vishal Singh Ji, I feel immensely proud to dedicate this shelter for the poor, helpless, and needy attendants of patients battling serious illnesses like cancer. I am honored to be associated with the Hunger-Free World Mission for humanity.”
Inspired by the continuous humanitarian service provided by Vijay Shree Foundation over the past 17 years, Nicolle Verma donated 10 lakh rupees to support the cause. The purpose of this donation is to ensure that services continue for the needy attendants of patients suffering from severe illnesses in hospitals, as facilitated by Foodman Vishal Singh.
It is noteworthy that Dr. Abhishek Verma’s family has a legacy of public and philanthropic service. They are helping millions to carry forward the values and service work of their parents. On the occasion of his mother’s birth anniversary, Dr. Abhishek Verma dedicated this state-of-the-art permanent shelter at Lucknow Medical College to serve the attendants of patients through the Vijay Shree Foundation.
Supporting Foodman Vishal Singh’s Hunger-Free World mission, Dr. Abhishek Verma assured that he would continually support keeping this flame of humanity alive. He also promised to assist in providing medicines to the helpless patients.
Continuing her grandmother’s legacy of service, Nicolle Verma personally served food to the needy patients and attendants. She said, “It is our good fortune to have received the joy of doing this noble work today through Foodman Vishal Singh. I have taken another step forward in carrying my family’s values and cooperation by joining hands with the Vijay Shree Foundation. My father taught me to serve and help the needy, and I feel happy when I bring a smile to someone’s face.”
On the birth anniversary of the late Veena Verma, the event organizer, Vijay Shree Foundation founder Foodman Vishal Singh, said, “We feel proud and happy that Dr. Abhishek Verma, a globally renowned business tycoon, has extended his support to uplift our country from the hunger index. Today, on his mother’s birth anniversary, he inaugurated a state-of-the-art permanent shelter at Lucknow Medical College, which will always be helpful for the needy attendants of patients. It is a pleasure for me and the organization to receive the affection of Mr. Verma.”
The event was attended by General Manager Verma Family Office Hemant Garg, Sonu Rajput, and the organization’s volunteers, including Sandeep Singh, Parmeshwar Ji, Prashant Rao Gautam, Balram Singh, Ramesh Chaudhary, Suman, Jeetu, Anil, Suraj, Vinay, Manish Bhadauria, Manas Mehrotra, Vivek, Apurv, Happy, and others.