Sikkim standoff: Govt hopes border row will not hit Indo-China trade 


Rita Teotia today expressed hope that the current border standoff between India and China will not have any impact on the bilateral trade. She also dismissed concerns that the confrontation between the two neighbours on the Sikkim sector will affect the ongoing Regional Comprehensive Economic Partnership (RCEP) negotiations.
"I would hesitate to classify it in such a way (that it would impact bilateral trade). Of course, this is not the remit of the department of commerce, but we would hope that the regular trade between the two countries would move ahead and move in a way that is positive for everybody," Teotia said on the sidelines of the 19th round of negotiations on the RCEP here.
Indian and Chinese soldiers are locked in a face-off at the Doklam area, which is roughly 15 km southeast of the Nathu La Pass that separates India and China and about 30 km southwest of the river Dramana Chhu in Bhutan. Last month, the Indian Army stopped Chinese road construction activities in Doklam area, which is claimed by China as its own, and since then the standoff has continued.
The country's bilateral trade with China stood at $71.48 billion in 2016-17.Teotia also allayed the apprehensions that the current standoff between the two largest countries in Asia would impact the RCEP talks, saying "our negotiators would keep in mind" the national interests.She also said a ministerial-level meeting of the regional trade agreement will be held in Manila in September and all the...Read More

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