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26 Aug 2023
India - China trade on fast track
Chinese vice trade minister Wang Shouwen stated that India and China's trade relationship has been growing rapidly, and India is welcome to join the Regional Comprehensive Economic Partnership (RCEP). India had previously walked out of RCEP due to concerns about the trade imbalance with China.
“China-India trade relationship is growing very fast. Last year our bilateral trade reached $130 billion. If there had been an FTA agreement between China and India, either bilateral or in RCEP context, the trade potential between the countries would be much further tapped,"
Chinese vice trade minister Wang Shouwen said India and China's trade relationship has been growing very fast and the doors of the Regional Comprehensive Economic Partnership (RCEP) are open to New Delhi. He was speaking at a session on trade ministers at the ongoing B20 summit in New Delhi moderated by commerce and industry minister Piyush Goyal.
