{
  "id": 7549499,
  "title": "India-China trade reset: New talks begin on trade concerns, supply chains; more meetings expected",
  "url": "https://urgent.news/2026/09/15/india-china-trade-reset-new-talks-begin-on-trade-concerns-supply",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-15T12:16:10.000Z",
  "source": {
    "name": "The Economic Times - Economy",
    "slug": "the-economic-times-economy",
    "url": "https://economictimes.indiatimes.com/news/economy/foreign-trade/india-china-trade-reset-new-talks-begin-on-trade-concerns-supply-chains-more-meetings-expected/articleshow/134261762.cms"
  },
  "original_language": "en",
  "account": "India and China have initiated talks to tackle key bilateral trade issues, such as the asymmetrical trade relationship and supply chain concerns, with additional meetings anticipated to progress these discussions, according to Commerce Secretary Rajesh Agrawal on Tuesday. The initial dialogue between Commerce and Industry Minister Piyush Goyal and his Chinese counterpart Wang Wentao, held on September 12, aimed to assess each nation's perspectives on various trade matters. Agrawal emphasized that both sides must articulate their concerns and stances on the issues raised by the other party to advance the discussions. He noted that bilateral relations have seen improvement in areas like people-to-people exchanges and direct air connectivity between India and China over the past year. Both sides are encouraged to collaborate on resolving trade-related concerns, addressing structural trade imbalances, and establishing trust in trade between the two nations. The Commerce Secretary highlighted that both countries are engaging positively in understanding each other's positions on several trade-related matters, signaling a work in progress. The meeting between Goyal and Wang Wang is particularly relevant as China remains India's second-largest trading partner, with bilateral trade rising 7.9% to USD 127.7 billion in 2025-26 compared to USD 118.39 billion in 2024-25. However, India's trade deficit with China expanded to USD 99.19 billion in 2025-26, up from USD 85 billion in the previous fiscal year, representing a significant concern. Supply chain issues and China's investments are also on the agenda, as India remains open to engaging with China to find solutions to trade issues, including addressing supply chain concerns and structural imbalances. India received USD 2.51 billion in FDI from China between April 2000 and March 2026, with notable growth in sectors like engineering goods, electronics, petroleum, chemicals, and iron ore. Further meetings between the two nations are expected as both sides strive to address longstanding trade issues after a prolonged hiatus.",
  "summary": "India-China trade reset: India and China have begun discussions to address key bilateral trade concerns, with a focus on structural trade imbalances and supply chain issues. Both sides are working to understand each other's positions on various trade-related matters. Further meetings are expected to take the discussions forward, with the two countries seeking to build trust and find solutions to…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}