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Asia Pacific
Joining China-Backed RCEP Not In India’s Interest – Indian Foreign Minster
The top minister said that the trade deficit of countries part of the Regional Comprehensive Economic Partnership (RCEP) -- a free trade agreement in the Indo-Pacific region that India quit last November -- has nearly doubled over the past 15 years, while their manufacturing levels also remain abysmally low.
Asia Pacific
Africa emerges as a new battle ground for India and China for trade, commerce war
India sees this initiative as an effort by China to flex its economic muscle and extend the reach of its influence. “However, India’s engagement with Africa is not limited to trade and commerce.
Asia Pacific
India refuses to review RCEP decision over China’s border hostility – Reports
Last year, India backed out of the RCEP agreement citing its negative effects on “farmers, MSMEs and dairy sector”. “The present form of the RCEP Agreement does not fully reflect the basic spirit and the agreed guiding principles of RCEP.
Americas
Despite Chest Thumping, India Could Take Years To Reduce Economic Dependence On China – US Experts
Bilateral trade between India and China was estimated at $88 billion in the 2018-19 fiscal year, but India recorded a massive $53.5 billion deficit with China — the biggest trade deficit India has with any nation.
Americas
After India, US Looking To Ban Chinese Mobile Apps Including TikTok
Earlier the Indian IT Ministry labelled the Chinese mobile apps as ‘’prejudicial to the sovereignty of India, defence of India, the security and state of public order.’’
