0 Shares 42 Views

India seeks safeguards in China-led trade pact

Oct 10, 2019
0 43
India seeks safeguards in China-led trade pactIndia seeks safeguards in China-led trade pact
Piyush Goyal, Minister of Railways and Coal of India, attends the World Economic Forum (WEF) annual meeting in Davos

NEW DELHI (Reuters) – India wants safeguards to be built into a China-led trade pact to prevent a sudden surge in imports, the Indian trade ministry said on Wednesday as a new round of talks begin in Thailand.

Negotiators for the 16-nation Regional Comprehensive Economic Partnership (RCEP) are in Bangkok this week for talks aimed at finalising the giant free trade zone by the end of the year.

Indian Commerce Minister Piyush Goyal has been holding talks to allay fears of a flood of Chinese imports if New Delhi joined the agreement, the ministry said.

“The focus and emphasis of the meetings chaired by the Commerce and Industry Minister was on putting in place appropriate safeguards including auto-trigger mechanism against sudden surge in imports from RCEP countries,” it said in a statement.

It also said that key areas that were not yet settled in the proposed pact are e-commerce, rules of origin and trade remedies.

(Reporting by Neha Dasgupta; Writing by Sanjeev Miglani; Editing by Raissa Kasolowsky)

You may be interested

Dutch police discover family locked away for years on farm
Entertainment
25 views
Entertainment
25 views

Dutch police discover family locked away for years on farm

Webby - October 15, 2019

AMSTERDAM (Reuters) - Dutch police acting on a tip-off discovered six young adult siblings who had apparently spent years locked away in a secret room in an…

India blocks SMS services in Kashmir after trucker killed
Entertainment
25 views
Entertainment
25 views

India blocks SMS services in Kashmir after trucker killed

Webby - October 15, 2019

Relatives of detained Kashmiri political leader Farooq Abdullah Kashmir and chief minister Omar Abdullah were arrested after staging a protest in Srinagar calling for their release (AFP…

Booze run from behind bars: Inmates escape from Texas federal prison, return with whiskey
Entertainment
25 views
Entertainment
25 views

Booze run from behind bars: Inmates escape from Texas federal prison, return with whiskey

Webby - October 15, 2019

Four inmates from a Texas federal prison were caught after they escaped and returned with whiskey and cellphones, officials say.<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)--sm Mt(0.8em)--sm" type="text" content="The…

Leave a Comment

Your email address will not be published.

Most from this category