India has told China that areas like agriculture
products, pharmaceuticals, information technology services and tourism in which
she has proven strengths and significant global presence but minuscule presence
in China, need to be encouraged in bilateral trade. The top Indian Commerce
Ministry official who is Beijing for official level talks with China asked for
guidance, facilitation, support and assistance to the relevant stakeholders for
creating a suitable environment for India’s exports in these sectors to China.
The Commerce Secretary Dr Anup Wadhwan who is
leading the Indian trade delegation to China while expressing concern regarding
the large trade deficit, acknowledged Chinese Government’s efforts in clearing
some of the market access issues such as for rice and rapeseed meal during the
past few months.He expressed satisfaction over progress on soya bean meal and
pomegranate and related issues. He also informed his Chinese counterpart Mr.
Wang about the encouraging response to the business promotion events organized
by the Indian Embassy and Consulates covering products like sugar, rice, tea
and oil meals. Dr. Wadhawan requested Mr. Wang to provide MOFCOM’s guidance to
its importers to source these products from India.
Commerce Secretary, Wadhawan, had a bilateral
meeting with Mr. Wang Shouwen, Vice Minister of China’s Commerce Minister, on
November seventh in Shanghai. The Commerce Secretary was accompanied by senior
officials from Department of Commerce, Department of Food and Public
Distribution and officials from Embassy of India in Beijing and Consulate in
Shanghai. The Indian delegation on this visit included Chairman APEDA, MD
NAFED, DG FIEO, DG Pharmexcil.
Recently India and China had a series of official
level exchanges to discuss the bilateral trade issues. After the successful
Joint Economic Group meeting hosted by India’s Commerce Minister in March 2018
and attended by China’s Commerce Minister, both countries had two rounds of
dialogues at the official level leading to resolution of some of the pending
market access issues.
During this visit, the Commerce Secretary
also had a detailed discussion with important sugar importers of China
including China Sugar Association and briefed them about India’s sugar sector
and its proven available capacity in terms of both, quality as well as
quantity, to meet the Chinese requirements on a sustained long term basis
.Important players from Indian sugar industry including MD, NFCSF also attended
related meetings during the visit. These meetings would be helpful in tapping
this major import market for Indian sugar.
On 4th November the Commerce secretary
attended the banquet hosted by China’s president Xi Jinping on the eve of
opening of the CIIE and on 5th November he attended the inaugural
ceremony of the expo.
The high level Indian officials visit to China is
politically significant when China is engaged in a fierce trade war with United