(Bloomberg) -- Terms of Trade is a daily newsletter that untangles a world embroiled in trade wars. Sign up here. India’s farmers’ organizations have planned a nationwide protest on Nov. 4 to demand that the government of Prime Minister Narendra Modi keep agriculture out of a 16-nation trade agreement currently being negotiated in Thailand.The All
India Kisan Sangharsh Coordination Committee, an umbrella organization of about 250 farmers unions from across the country, said that they will burn effigies depicting the China-backed Regional Comprehensive Economic Partnership or RCEP, to mark their protest and warn the government.Indian farmers won’t be able to compete should the country agree to cut duties for agricultural and dairy products in the proposed trade pact, said V.M. Singh, a convener of the the farmers’ group. Imports of dairy and agricultural products including wheat, cotton and oil seeds would affect the livelihood of millions of Indian farmers, he said.The government should defer signing of the agreement and hold consultations with farmers, state governments and other stake holders before taking a final decision, said Singh. “We have to stop RCEP,” he said.It is not clear yet what terms India will agree to in order to join what could become the world’s largest trade deal. The final stage of negotiations have begun in Bangkok and Indian trade minister Piyush Goyal will travel for the ministerial meeting there on Nov. 1. The nations are seeking to conclude the negotiations by November end.To contact the reporter on this story: Bibhudatta Pradhan in New Delhi at bpradhan@bloomberg.netTo contact the editors responsible for this story: Ruth Pollard at rpollard2@bloomberg.net, Muneeza Naqvi, Abhay SinghFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.