India seeks safeguards in China-led trade pact

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.

from Yahoo News - Latest News & Headlines https://ift.tt/2VsEq9E