India, which has raised some tariffs under Prime Minister Narendra Modi(pic), has long been the main holdout on an RCEP deal due to strong domestic opposition over fears the country would be flooded with cheap Chinese goods
NEW DELHI: India keeps making last-minute requests after it agreed to terms for the world’s largest regional trade agreement, potentially preventing Asian leaders from announcing a breakthrough next week on the 16-nation pact during a summit in Bangkok, sources said.
In recent days, India angered other negotiators by making additional requests on the China-backed pact covering half the world’s population, said the sources. Leaders had planned to announce a preliminary deal on Nov 4 when they gather for meetings hosted by Asean, they said.
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