Jindal Stainless opposed inclusion of stainless steel in RCEP pact

Jindal Stainless Ltd opposed inclusion of stainless steel flat products in the proposed RCEP agreement among 16 countries, including China.

ASEAN countries and their six trade partners such as India, China and Australia are negotiating a mega trade deal named as the Regional Comprehensive Economic Partnership (RCEP).

In a statement, JSL Managing Director Abhyuday Jindal said, “This has reference to the Inter-Ministerial Meet to be held in Singapore . . . reportedly for drawing substantial conclusions to the RCEP agreement between 16 countries, including China.

“This is a grave concern for domestic stainless steel industry. As largest stainless steel maker and the leading voice in industry, we strongly oppose inclusion of stainless steel flat products in the RCEP agreement.”

Source : www.moneycontrol.com