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 were the two main controversial issues that India and China avoided discussing during their meeting?

• Cultural exchanges and tourism

• Huawei's 5G network and Kashmir's status

• Trade tariffs and environmental policies

• Military exercises and border disputes

What is the current trade deficit that India has with China?

• 35 billion

• 55 billion

• 45 billion

• 25 billion

What was the outcome of the meeting between India and China regarding trade?

• A joint venture was announced

• A new trade agreement was signed

• A mechanism for trade discussions was established

• Tariffs were reduced

What is the main concern for India regarding the regional comprehensive economic partnership?

• Limited access to Chinese markets

• High tariffs on Indian exports

• Lack of investment opportunities

• Increased Chinese goods affecting local manufacturers

Why is India hesitant to join the regional trade pact?

• Concerns over IT professional movement

• Lack of political support

• Insufficient infrastructure

• Cultural differences