Friday, December 05, 2025 | 12:17 AM ISTहिंदी में पढें
Business Standard
Notification Icon
userprofile IconSearch

India-China spat holds up pan-Asian deal covering a third of global trade

Trade ministers from 16 Asia-Pacific countries this week hailed a "critical milestone" after seven years of talks and vowed to wind them up before a regional summit in November

Overall, import growth hasn’t touched double-digit figures since October and the monthly trade deficit came in at $15.33 billion, up from $10.89 billion in March
premium

Shruti Srivastava and Philip J. Heijmans | Bloomberg New Delhi
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.
 
Trade ministers from 16 Asia-Pacific countries this week hailed a “critical milestone” after seven years of talks and vowed to wind them up before a regional summit in November. But officials involved in the process say major sticking points remain around market access and the ability of workers to find employment in other countries.
 
The main source of tension is between India and China over the amount of goods with preferential tariffs, according to a person familiar