The Minister of Commerce & Industry and Civil Aviation, Suresh Prabhu, welcoming his Chinese counterpart Mr Zhong Shan at the meet.
Minister of Commerce & Industry and Civil Aviation, Suresh Prabhu and Minister of Commerce of the People's Republic of China, Mr Zhong Shan, co-chaired the 11th meeting of India-China Joint Group on Economic Relations, Trade, Science and Technology in New Delhi.
Welcoming Mr Zhong Shan, Shri Prabhu said that the joint group between India and China is the oldest and the most important dialogue mechanism between the two countries. Addressing India's trade imbalance with China is the most important issue to be taken up by the group.
Led the 11th meeting of the India-China Joint Group on Economic Relations, Trade, Science and Technology, in New Delhi.Had wide ranging productive discussions on issues related to bilateral trade, market access, development strategy,cooperation across sectors #IndiaChinaJG pic.twitter.com/dPgwydsWbC— Suresh Prabhu (@sureshpprabhu) March 26, 2018
Minister exhorted his Chinese counterpart for greater market access for agricultural products like rapeseed, soybean, basmati and non-basmati rice, fruits, vegetables and sugar. Another commodity which could be exported from India to China is the high-quality pharmaceutical products.
Export of India's IT and IT Enabled Services (ITES) to China and cooperation in the sectors of tourism and healthcare needs to be focused on.
Chinese Minister Mr Zhong Shan welcomed Indian investment in China and promised to address the trade deficit between the two countries.
The Minister highlighted the important issues discussed in the meeting like two-way trade relations, preparation of an action plan, a greater focus on Regional Comprehensive Economic Partnership (RCEP) and e-dialogue. Mr Shan said that candid and effective discussions with India on trade relations can serve as the propeller for the growth not only between the two countries but in the entire region.
(This is a reproduced press release from the government of India as it is. Devdiscourse bears no responsibility towards grammatical or factual errors that may have been presented in the report.)