China's Xi, India's Modi Agree on New Trade Mechanism

The video discusses a meeting between India and China, where the focus was on trade relations, avoiding controversial topics like Huawei's 5G network and Kashmir's status. India aims to address its trade deficit with China, which stands at $55 billion, by establishing a new trade discussion mechanism. The backdrop includes China's push for the Regional Comprehensive Economic Partnership (RCEP), which India is hesitant to join due to concerns about an influx of Chinese goods and lack of concessions for its IT professionals.

What is the significance of the regional comprehensive economic partnership for China?

What concerns does India have regarding the regional trade pact?