India China Trade Agreement 2019

While it may be difficult for India to join RCEP, there are other free trade agreements. China`s exports to India rose 2.1 percent last year to a total of 515.63 billion yuan, while Indian imports to China fell 0.2 percent to a total of 123.89 billion yuan, he said. India`s trade deficit in 2019 stood at 391.74 billion yuan, he said. In dollars, however, trade has declined. Bilateral trade in 2018 amounted to $95.7 billion and raised hopes that Indo-China trade would reach the $100 billion mark in 2019. But total trade last year stood at $US 92.68 billion, about $US 3 billion less than in 2018. China`s dollar exports to India reached 74.72 billion $US last year, up from 76.87 billion $US in 2018. But last year, total trade was $92.68 billion, about $3 billion less than in 2018. . . .

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