India hold trade talks with China |
Trade-related talks between senior officials of India and China were held in New Delhi on Thursday. The Chinese side was headed by Li Guo, Vice Minister of the General Administration of Customs of China also called GACC. From the Indian side, officials from different departments including commerce, agriculture, animal husbandry and the Agricultural and Processed Food Products Export Development Authority participated. The meeting was significant as India is seeking greater access for its manufactured and agricultural products in the Chinese market to bridge the widening trade deficit. Recently, India has identified and shared with China a list of 380 products, including horticulture, textiles, chemicals and pharmaceuticals, as their shipments hold huge export potential. Increasing exports of these products will help India narrow the widening trade deficit with China, which stood at 50.12 billion US dollars from April 2018-February -2019.
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