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India raises trade deficit, discusses RCEP with China

IANS  |  Beijing 

on Tuesday raised with its concerns over the widening trade deficit and doubts over the Beijing-proposed free trade pact, (RCEP).

India's visiting met China's Vice and discussed the sticking points in the bilateral trade.

has repeatedly complained to about the highly-skewed trade deficit in favour of the latter and demanded that Indian firms be given greater access to Chinese markets.

During his two-day visit which concluded here on Tuesday, Wadhawan again raised the issue and pressed for more actions from the Chinese side to support and promote exports of Indian products.

He also pitched for more market access to Indian IT companies, and agriculture products, including major commodities like sugar, rice, milk and

He noted that as a of these commodities, can emerge as a most reliable source for

also raised its concerns over the -- a trade pact between 10 Asean countries and their six FTA partners -- Australia, China, India, Japan, Korea and

Sudhanshu Pandey, Additional Secretary, and India's on RCEP, also held extensive discussions with Yang Zhengwei, Deputy Director General, and Economic Affairs, Ministry of Commerce,

Negotiations were conducted across all the three pillars of -- goods, services and investment. Bilateral talks between and China are crucial for early conclusion of negotiations.

India is wary of its market being flooded with the Chinese goods once the deal is approved. China, which wants the pact to be approved by the end of 2019, has sought to allay India's concerns.

(can be contacted at sharmagaurav71@gmail.com)

--IANS

gsh/soni/

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, January 22 2019. 18:24 IST
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