The Live Nagpur
  • Nagpur City
  • Nagpur Education
  • Nagpur Sports
  • Business
  • Crime
  • Entertainment & Lifestyle
  • Featured
  • Health & Wellness
  • Nation
  • Politics
  • Trending
  • Vidarbha
  • Obituary

The Live Nagpur

  • Home
  • Nagpur City
  • Politics
  • Business
  • Nagpur Education
  • Entertainment
  • Nagpur Sports
  • Health
  • Vidarbha
  • Crime
  • Obituary
Business

Is RCEP trade deal on dairy product a good move?

by Abhishek Tiwari October 16, 2019October 18, 2019
written by Abhishek Tiwari October 16, 2019October 18, 2019
Is RCEP trade deal on dairy product a good move?

The Indian Government which is planning to include dairy products in the Regional Comprehensive Economic Partnership (RCEP) trade deal. For this India will be importing different dairy products from other countries.

It is speculated that the import of cheaper milk and milk products would adversely hit the livelihood of diary manufacturers in India.

One of the reputed dairy companies of orange city has stated that “this deal is yet to be finalised and government is still planning on the trade deal. Although we do not have any problem with it as this will not affect us. India being the largest milk producers with a gradual increase 6-7%  production we will be less affected as at the initial stage they have decided to import milk powder. Import of production is only done when the production value of that same product in the country is more but in this case. We are receiving huge demand  as the festival season is on. Secondly this move will also be beneficial for the local companies as it will bring new products in the market and will increase the level of competition”.

The government is contemplating to finalise RCEP, a trade block which includes China, Australia and New Zealand, apart from 10 ASEAN countries, Japan and South Korea. New Zealand and Australia are negotiating very hard with India to reduce duty on dairy products so that they can get an access to India, which is the world’s largest market of dairy products.

According to a report brought out by Niti Aayog in Feb 2018, the demand for milk will be 292 million tonnes (mt), against which India will produce 330 mt milk by 2033. Thus, India will be surplus in milk products.

0 comment
FacebookTwitterLinkedin
Abhishek Tiwari

previous post
IIM Nagpur organises an interactive session on Field Immersion Module
next post
NRHA members to offer discount on meals to voters

You may also like

NVCC supports CAIT demands for Bharat Vyapar Bandh...

February 24, 2021

Bank account, properties to be seized for violation...

February 24, 2021

Institute of Chartered Accountants of India to set...

February 24, 2021

LIC launches digital application-ANANDA

February 22, 2021

“Opportunities to MSME- Initiatives by the National Small...

February 22, 2021

CA’s act as Bridge between Taxpayers and Government...

February 22, 2021

VED Invites interested non-members to its Tourism Meeting

February 22, 2021

Nagpur Chapter Chairman S P Singh gets PRSI...

February 22, 2021

CAIT sought intervention of PM Modi on GST...

February 21, 2021

Shyam Steel India delivering hope to many in...

February 20, 2021

Leave a Comment Cancel Reply

Save my name, email, and website in this browser for the next time I comment.



Trending News

  • Travelers from these five states to carry COVID-19 negative test report before entering Delhi

    February 24, 2021
  • Urban West India’s Protection Quotient moves up by 4 points on the back of heightened life insurance awareness

    February 22, 2021
  • BMC in action, 1305 buildings sealed after spike in COVID-19 cases

    February 21, 2021
  • IPL 2021 Players Auction highlights

    February 18, 2021
  • Vivo back as title sponsorship of IPL 2021

    February 18, 2021

Important Links

  • Politics
  • Crime
  • Business
  • Education
  • Entertainment
  • Sports

Available on Playstore & Coming Soon on Appstore

Search

October 2019
M T W T F S S
« Sep   Nov »
 123456
78910111213
14151617181920
21222324252627
28293031  

Sign-Up Form

Subscribe my Newsletter for new blog posts, tips & new photos. Let's stay updated!

Footer Logo
  • Nagpur City
  • Nagpur Education
  • Nagpur Sports
  • Business
  • Crime
  • Entertainment & Lifestyle
  • Featured
  • Health & Wellness
  • Nation
  • Politics
  • Trending
  • Vidarbha
  • Obituary
  • Privacy Policy
  • Disclaimer
  • Cookie Policy
  • Terms Of Use
  • Advertise with Us
  • Work with us
  • Contact Us

© 2020 - The Live Nagpur . All Rights Reserved.