As China seeks trade alternatives amid a trade war with the United States, its leaders in Beijing are warming up for the option of a free trade agreement with the country`s continental neighbor. China was the main driver of the RCEP, which proved to be the most promising regional trade vehicle after U.S. President Donald Trump killed the Trans-Pacific Partnership on the day he took office (a revised agreement did not include the United States, India or China). List of agreements being negotiated. Agreements that have so far been discussed only in the absence of formal action by the parties concerned are not mentioned. A third important factor in India`s preference for a bilateral agreement with China is the fact that India is facing a huge trade deficit with China, its main trading partner. India is currently the seventh destination for Chinese exports. The trade deficit between the two increased by 8.5% last year to $51.7 billion (45.2 billion euros), although India`s exports to China increased by 39.1% to $16.3 billion (14.2 billion euros). However, imports from China also increased by 14.5% to reach $68.1 billion (59.5 billion euros), mainly composed of machinery, chemicals and fertilizers. The size of its trade deficit with China gives India leverage in trade negotiations. The Government of the Republic of India and the Central Government of the People`s Republic of China, driven by the common desire to develop trade between the two countries and to conclude the existing friendship between the governments and peoples of India and China, on the basis of equality and mutual benefits, declared themselves “There are barriers to trade and investment between China and India, which is why the central governments of both countries are working hard,” he said at an interactive meeting hosted here by the Bharat Chamber of Commerce.
Full multilateral agreements (not listed below) see: List of multilateral free trade agreements. While ASEAN data probably contain some degree of seafood of Indian origin, India is significantly lower on the list of Chinese fish suppliers. In 2017, despite its relative geographical proximity to China and the volume of its production, India was not among the top eight suppliers of Chinese fish imports. This is all the more surprising given that Chile, Peru and New Zealand, all of which have free trade agreements with China, have done so. I am honoured to refer to the recent discussions on trade promotion between the People`s Republic of China and India, when it was agreed that trade relations between our two countries would continue to be governed by the terms of the trade agreement reached on 14 October 1954, which will end for a further period until 31 December. , 1958, subject to the replacement of Article VII of the old agreement with the following articles – Switzerland (which has a customs union with Liechtenstein, which is sometimes included in agreements, has bilateral agreements with the following countries and blocs: EFTA has concluded bilateral agreements with the following countries – including dependent territories – countries and their two specific administrative regions : An interactive list of bilateral and multilateral free trade instruments is available on the TREND-Analytics website.  2.