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India wants industry protected in China-backed trade deal - minister

Reuters
India's interim Finance Minister Piyush Goyal arrives at the parliament to present 2019-20 budget in New Delhi

NEW DELHI (Reuters) - India will only sign a 16-member Asia-Pacific trade pact if its local industry is protected and if the deal would not lead to indiscriminate imports, the trade minister said on Wednesday.

Talks are ongoing to negotiate the China-initiated Regional Comprehensive Economic Partnership (RCEP), Piyush Goyal said, without specifying whether India would sign the deal in 2019.

New Delhi had asked South Korea and Japan to review free trade agreements with India, he added.

(Reporting by Neha Dasgupta; Writing by Rajendra Jadhav; Editing by Edmund Blair)