India under pressure to cut tariffs in RCEP talks as China factor looms
Updated : May 23, 2018 06:55 AM IST
Several Indian companies from the steel and metal sectors have also warned Indian trade negotiators to stay away from agreeing to any duty cuts in the RCEP FTA talks.
RCEP nay sayers in India point out that the trade deficit of the country with RCEP members stand at a staggering $105 billion, which is two thirds of the total trade deficit in FY18.
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