India, China agree to a roadmap for addressing trade imbalance
The eleventh session of the China-India joint-group on Economic Relations, Trade, Science & Technology was co-chaired by the Union Minister of Commerce & Industry and Civil Aviation Suresh Prabhu and the Minister of Commerce of the People’s Republic of China Zhong Shan.
The two Ministers while reaffirming and reiterating their commitments to promote a balanced and sustainable bilateral trade, agreed to continue to take forward the initiatives identified in the Five Year Development Programme for Economic and Trade Cooperation between the People’s Republic of China and India signed in September 2014.
The Chinese side reaffirmed their commitment to accelerating the provision of market access for Indian agricultural products pertaining to non-basmati rice, rape-seed meals, soya-meals, pomegranate and pomegranate arils, okra, banana and other fruits and vegetables and bovine meat expeditiously.
The two sides reaffirmed their aim to promote bilateral trade in the field of pharmaceuticals including resolution of issues of Indian pharma products exports to Chinese markets.
China Currency: Renminbi
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