The Commerce Secretary 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 and expressed satisfaction over progress on soya bean meal and
pomegranate and related issues. He also informed 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.
The Commerce Secretary informed that areas like agriculture
products, pharmaceuticals, information technology services and tourism in which
India has proven strengths and significant global presence but minuscule
presence in China, need to be encouraged in bilateral trade. Dr. Wadhawan 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.
MOFCOM thanked India for accepting its invitation to participate
in the 1st CIIE and assured all support for increasing India’s
exports to China.
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.