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Trade Development News
- Jun 2, 2020
- 1 min
China’s trade with India’s neighbours has grown stronger since 2005. Delhi must catch up
China has established itself as a major trade partner of South Asia. This mainly reflects the region’s strategic importance for China’s Belt and Road Initiative. Despite geographical proximity and the existence of bilateral and multilateral free trade agreements (FTAs), South Asia is one of the least economically integrated regions in the world. Owing to protectionist policies, high logistics cost, lack of political will and a broader trust deficit, intra-regional trade in So
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