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Disagreements Surface Over China-backed Trade Deal

May 22 , 2017

Disagreements between Asian countries over a China-backed free trade deal surfaced at talks on Monday, raising questions over a target for concluding negotiations by the end of the year.

The Regional Comprehensive Economic Partnership (RCEP) would create a free trade area of more than 3.5 billion people, bringing together China, India, Japan, South Korea, Australia and New Zealand as well as Southeast Asian nations.

The RCEP talks, which began in 2012, have been given new impetus by the U.S. withdrawal from the Trans-Pacific Partnership (TPP) Agreement.

But officials involved in the talks say the target to complete the discussion stage by year-end may be hard to meet given disagreements over several issues. India in particular is reluctant to give up on tariffs, they say. 

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