Bigger India
India Plans To Discuss Duty Cuts With China
India will allow duty cuts on more than 80% of the goods imported from China over at least a 20-year period.
India plans to have bilateral discussions with China on duty cuts in the Regional Comprehensive Economic Partnership (RCEP) trade agreement.
This is the second set of challenges that India is fighting after its diplomatic victory a few days ago when, along with like-minded countries of the grouping, it convinced China to do away with the use of “substantial conclusion” in the joint statement of RCEP countries, citing legal implications.