CatalystGeopolitics
CHINA NON - TARIFF BARRIERS BIGGEST HURDLE FOR TRADE TIES : SITHARAMAN
Sitharaman identifies China non-tariff barriers as biggest hurdle for trade ties.
Context
What happened: Finance Minister Nirmala Sitharaman said China's non-tariff barriers are the biggest hurdle in India-China trade, citing phytosanitary rules that restrict Indian exports. She spoke with the Atlantic Council during an IMF meeting in Bangkok.
Key numbers: India's trade deficit with China has reportedly crossed $100 billion this year.
Why it matters: Her comments follow External Affairs Minister S Jaishankar saying Indian businesses lack a level playing field in China. Sitharaman also said India wants ASEAN trade terms revised to address imbalances.
Coverage: 4 outlets in 24h
What changed
Finance Minister Nirmala Sitharaman said China's non-tariff barriers are the biggest hurdle in India-China trade, citing phytosanitary rules that restrict Indian exports. She spoke with the Atlantic Council during an IMF meeting in Bangkok.
Why it matters
Her comments follow External Affairs Minister S Jaishankar saying Indian businesses lack a level playing field in China. Sitharaman also said India wants ASEAN trade terms revised to address imbalances.