India has not closed door on China-backed Asian trade deal – foreign minister

India has not closed door on China-backed Asian trade deal - foreign ministerIndia has not closed the door on a China-led regional economic pact, even though Asia’s third-largest country pulled out of the deal last November, Foreign Minister Subrahmanyam Jaishankar said on Wednesday. In November, China joined 14 countries in agreeing terms for the Regional Comprehensive Economic Partnership (RCEP), with India pulling out at the last minute saying the deal would hurt its farmers, businesses, workers and consumers. RCEP brings together the 10-member Association of Southeast Asian Nations (ASEAN), China, Japan, South Korea, Australia and New Zealand.

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