Xi May Push For Rcep, But Modi May Stress On Trade Deficit

The Hindu Business Line|October 10, 2019

Xi May Push For Rcep, But Modi May Stress On Trade Deficit
Both leaders may announce more CBMs at the informal summit at Mamallapuram
AMITI SEN

India and China are likely to announce additional confidencebuilding measures (CBMs) to strengthen relationship between the two countries when Chinese president Xi Jinping and Prime Minister Narendra Modi meet in Mamallapuram later this week.

But no new agreements are expected to be signed, a government official has said.

The timing of Xi’s visit to India, scheduled on October 11-12, is important as it is is taking place right after his meeting with Pakistan’s Prime Minister Imran Khan in Beijing and concurrently with the crucial meeting of Trade and Economic Ministers from countries negotiating the ambitious Regional Comprehensive Economic Partnership (RCEP) pact including the ASEAN, India, China and three others in Bangkok.

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October 10, 2019