Go-slow India may dilute Asia trade pact championed by China
India fears being flooded by Chinese imports and wants global mobility for its IT services workers
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New Delhi
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's reluctance to move forward. While Asia's third-largest economy may eventually sign on to the Regional Comprehensive Economic Partnership (RCEP), analysts say the end product could be so vague it has little benefit. "I just don't see an appetite in India for trade," said Richard Rossow, the Wadhwani chair in US-India policy studies at the Center for Strategic and International Studies in Washington. "If they can water it down to have something almost meaningless, they would sign it. But if other people hold their ground, I don't see them signing it."
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