India pulled out of the RCEP deal at the last minute amid concerns its economy could be flooded with cheap Chinese goods. Photo: Kyodo
China says RCEP economies committed to work with India to resolve lingering trade deal issues
- China and 14 other nations from the Asia-Pacific region agreed on the outline of the Regional Comprehensive Economic Partnership (RCEP) on Monday
- Beijing says it is confident that the ‘very few’ remaining obstacles among the RCEP 15 can be settled by the end of the year
Topic |
China-India relations
India pulled out of the RCEP deal at the last minute amid concerns its economy could be flooded with cheap Chinese goods. Photo: Kyodo
Indian Prime Minister Narendra Modi and China’s Premier Li Keqiang attend the Regional Comprehensive Economic Partnership Summit in Bangkok. Photo: AFP
Seven years on, still no RCEP trade deal, and India pulls out
- Hopes were high a regional summit could finally wrap up negotiations on the Regional Comprehensive Economic Partnership
- But despite claims of ‘significant progress’ in the 16-nation talks, India remains a stumbling block
Topic |
Trade
Indian Prime Minister Narendra Modi and China’s Premier Li Keqiang attend the Regional Comprehensive Economic Partnership Summit in Bangkok. Photo: AFP