Saturday, 20 April 2024
China on Wednesday sought to assure India over the Regional Comprehensive Economic Partnership (RCEP), saying the trade deal could provide many opportunities for India’s exports.
China joined 14 countries this week in agreeing terms for RCEP, which could become the world’s biggest free trade deal if officially signed next year as planned.
But India pulled out at the last minute amid worries that the deal would unleash cheaper imports from countries like China that render its own industries uncompetitive and hurt its farmers, businesses, workers and consumers.
Vice commerce minister Wang Shouwen, speaking at a news briefing in Beijing, said he understood those concerns, but the deal could benefit Indian exporters and help create more local jobs.
Aware of her elements, Neha writes the best articles across industries including electronics & semiconductors, automotive & transportation and food & beverages. Being from the finance background she has the ability to understand the dynamics of every industry and analyze the news updates to form insightful articles. Neha is an energetic person interested in music, travel, and entertainment. Since past 5 years, she written extensively on sectors like technology, finance and healthcare.
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