India is going to treat
"We can look at longer staging periods for China by delaying the concessions by some years or not offer key products for tariff cuts to them at all," an official told ET.
In 2015-16, India's exports to China were $9 billion while the imports were a staggering $61.7 billion leaving a trade deficit of $52.7 billion.
Though, India is ready for a common concession but is insisting on a single undertaking for the RCEP which means nothing is agreed until everything is agreed.
"With single undertaking, we can be sure other members will not lose interest in India's demands once we accept their demands for tariff concessions on goods," the official said.