China and India, the two giants of Asia, have been talking (unconvincingly) of the possibility of a bilateral free trade agreement for several years. A feasibility study was completed in October 2008, but there is much opposition from India’s business sector as well as many other political complications that are likely to keep the idea on a very low flame for a while.
last update: May 2012
India and China said a new committee, headed by senior ministers, will meet at the earliest and discuss ways to pare the $53-billion trade deficit between the two countries.
In the talks, the Chinese president also agreed to take sincere steps in a concrete way to address India’s concerns over ballooning trade deficit in China’s favour.
A spat between the world’s most populous countries is holding up a pan-Asian trade agreement encompassing nearly a third of all global trade.
In a presentation made by the Aluminium Association of India (AAI), the industry told the government that manufacturers were suffered owing to the impact of unfavourable free trade agreements.
Trade ministers of China and Japan pledged to further enhance bilateral economic and trade cooperation during their meeting here on Wednesday.
Did Prime Minister Modi and China’s President Xi Jinping agree at Wuhan that India would quietly join projects linked to China’s Belt and Road Initiative, while formally opposing the China Pakistan Economic Corridor which cuts through PoK?
India is likely to face greater pressure to eliminate duties on 90% of goods it trades with China under the mega trade agreement among 16 Asia Pacific countries that is in the works.
The coming weeks will see a never-before intense bilateral engagement between India and China at the highest levels.
China has expressed its interest in negotiating a bilateral investment treaty (BIT) with India following the termination of its earlier treaty.
Chinese Commerce Minister says the two countries will build a closer partnership in development.