A summit between the leaders of China, Japan and South Korea has set the framework for a “3X+” approach to negotiating trade deals in the Asia-Pacific. While that should, in theory, make it easier to complete the RCEP trade deal, India is still likely to be the main hold-out. That may not be a problem for China – which has included the completion of RCEP in the 2018 Government Work report – given India only accounted for 11% of its exports to the RCEP group in the 12 months to April 30. The challenge comes from the “Make in India” industrial import tariffs policy, which wi...