Non-tariff barriers are biggest hurdle in India-China trade, says Nirmala Sitharaman

India's Finance Minister Nirmala Sitharaman has stated that non-tariff barriers are the biggest obstacle in the country's trade with China. These barriers refer to regulations and standards that can limit or prevent the import and export of goods. The presence of such barriers can make it difficult for businesses to operate across borders, affecting trade and economic growth. This issue is significant for markets as it can impact the flow of goods and services between countries, influencing trade balances and economic relationships.

Why it matters

Non-tariff barriers are a significant obstacle in India-China trade, and a potential India-U. S.

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