Trade deficit with China, India flags concerns at WTO during review

India has expressed concern over its significant trade deficit with China and criticized the lack of transparency in China's subsidies and economic mechanisms, which it argues result in artificially low prices that harm local industries. These remarks were made during China's ninth Trade Policy Review at the World Trade Organization (WTO) this week.
During the review, India highlighted that its bilateral trade deficit with China is the largest among all its trading partners. India urged China to adopt more transparent subsidy practices to ensure fair competition and to address the persistent trade imbalance between the two countries.
Additionally, India emphasized its hope that China would advocate for issues beneficial to developing countries and Least Developed Countries (LDCs) during WTO discussions. The Trade Policy Review (TPR) sessions, such as China's recent review, are crucial for enhancing the transparency of member states' trade policies and ensuring the smooth operation of the global trading system.
China's delegation, led by Vice-Minister LI Fei from the Ministry of Commerce, faced scrutiny from a broad international audience, with over 44 delegations posing more than 1,571 written questions ahead of the meeting. The United States, European Union, Australia, and Japan were among those pressing China to reconsider its classification as a developing country, citing ongoing challenges posed by China's trade practices to the international trading system.