(Bloomberg) — Chinese President Xi Jinping and Indian Prime Minister Narendra Modi agreed to set up a new mechanism to discuss trade at their informal talks in southern India.

India raised its concerns about the China-led Regional Comprehensive Economic Partnership, Indian foreign secretary Vijay Gokhale told reporters today.

The talks between the leaders of the world’s two most populous countries came amid border disputes and trade tensions. China is India’s second-largest trading partner with current two-way trade of $87 billion, and the two sides have targeted $100 billion in trade by 2020.

India is under…

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