‘India, China open to talks to address trade imbalance, supply chain issues’
Commerce Secretary Rajesh Agrawal said India and China are open to meeting and finding solutions to trade issues, including structural imbalances and supply chain concerns. The remarks followed a meeting between Commerce and Industry Minister Piyush Goyal and his Chinese counterpart Wang Wentao on the sidelines of the BRICS Summit in New Delhi. India runs a persistent trade deficit with China, driven by imports of electronics, engineering goods, chemicals and other products.
Why it matters: This bears on the briefing's theme of trade and supply chains, as the two countries begin addressing structural imbalances and supply chain concerns.