India May Water Down China-Championed Asia Trade Pact
- With TPP in doubt under Trump, another regional deal emerges
- India intent on services liberalization, weak tariff cuts
A dock worker prepares to board CMA CGM SA's Benjamin Franklin container ship docked at the Guangzhou Nansha Container Port in Guangzhou, China, on Monday, Feb. 1, 2016. The Benjamin Franklin is the largest container ship ever to have docked at a U.S. port.
Photographer: Qilai Shen/BloombergThis article is for subscribers only.
India’s foot dragging on a China-championed Asia trade pact has increased the risk the deal gets diluted or delayed.
A fear of being flooded by Chinese imports and an insistence on global mobility for its IT services workers is behind India reluctance to move forward. While Asia’s third-largest economy may eventually sign on to the Regional Comprehensive Economic Partnership, analysts say the end product could be so vague it has little benefit.