New Delhi: The steel ministry will provide a detailed "formal view" to its commerce counterpart on the proposed mega free trade agreement RCEP after having a meeting with its stakeholders, a senior government official said. India has implemented a separate free trade agreement with Japan and South Korea. "Steel Ministry will give its formal view to Commerce Ministry after meeting the stakeholders," the official said. Another official said that the steel industry may get a major relief in this agreement but added that "discussions with the commerce ministry are still underway". "Local steel has not benefitted from any of the existing FTAs and RCEP will open roads for China," he said.

Source: Mint June 30, 2019 10:07 UTC