- India’s commerce and industry minister ruled out the idea of joining the Regional Comprehensive Economic Partnership, maintaining that it is not in the country’s interest to be part of a free trade agreement with China.
- “It was not in our farmers’ interest, RCEP did not reflect the aspirations of our small and micro medium industries and sector, and in some form, was nothing but a free trade agreement with China,” Piyush Goyal said.
- The RCEP is the world’s largest free trade agreement by GDP of its members.
Let me just add up…
Carry the 5 minus the 1…
Somewhere between the number of steps Stephen Hawking did not take and the number of individual bacteria that do not live on the surface of the moon number of trades.
Jokes aside, after the 1989 massacre, Arms trade to China and Textile trade from China to the USA came to a screeching hault with many other nations following suit. It wasn’t until the Bush administration that the USA resumed regular trade with China, and a couple negotiations from the Clinton admin. The relation since then has very often been described as a “Trade War.”
Seems like there’s more shit from China now than there ever was in the 90s. But that’s anecdotal and from memory of my personal experience.
Edit: which I guess aligns with what you said.