Press Esc to close
Sunday 30 April 2017
News updated at 10:01 AM IST

China keen on inking trade agreement during PM's visit

Anirban Bhaumik , New Delhi, Oct 3, 2013, DHNS: 2:17 IST
Beijing is keen to ink a regional trade arrangement with New Delhi during Prime Minister Manmohan Singh’s visit to China later this month, although a cautious India wants the communist country to do more to address its concerns on imbalance in bilateral commerce.

Trade and economic issues are expected to be high on the agenda of discussion during prime minister’s visit to Beijing in the fourth week of this month. China has been stepping up pressure on India to announce the launch of the negotiation on a bilateral trading agreement during the visit. New Delhi, however, is still cagey, although it has of late taken note of the measures initiated by the communist country to address the issue of imbalance in India-China trade.

Singh is set to visit Beijing at the invitation of Chinese Premier Li Keqiang, who visited New Delhi in May – soon after an incursion by the China’s People’s Liberation Army into the Indian side of the Line of Actual Control at Depsang Bulge in Ladakh that led to a three-week-long border stand-off. This is the first time since 1954 that India and China will have exchanges of visits by the two countries’ top leaders in a year.

Recent MoUs

A business matchmaking symposium in New Delhi late last month saw the companies of the two countries signing as many as 15 Memorandums of Understanding (MoUs) worth $ 338 million, mostly for supply of zinc and copper concentrates, cotton yarn and cotton linter, frozen fish, methanol, castor oil and gaur gum, granite blocks and cedrus deodara seed from India to China. The two countries are likely to hold such events in other cities too.

When Li came to New Delhi in May, India and China signed three MoUs on buffalo meat, fisheries and pharmaceuticals and an agreement on feed and feed ingredients. New Delhi hopes that the implementation of the three MoUs will help lessen the trade deficit. China Chamber of Commerce for Import and Export of Medicines and Health Products and Pharmaceuticals Export Promotion Council of India, too, inked another MoU, which is expected to help Indian generic drugs get market access in China.

Go to Top

Photo Gallery
My Take: Can you count colours? Photo by Nalini R Magal from Hassan...

My Take: Can you count colours? Photo by Nalini R Magal from Hassan...

My Take: Happiness as a warm puppy. Photo by Varsha Chalageri from Dharwad...

My Take: Happiness as a warm puppy. Photo by Varsha Chalageri from Dharwad...

My Take: Pretty posers. Photo by Siddhi Doddanavar, from Belgaum...

My Take: Pretty posers. Photo by Siddhi Doddanavar, from Belgaum...

My Take: You mean, I wont grow up to be a tiger? Photo by Praveenkumar P K from Dharwad

My Take: You mean, I wont grow up to be a tiger? Photo by Praveenkumar P K from Dharwad

The good side vs the bad side. Photo by Gayatri Venkatesh from Bengaluru...

The good side vs the bad side. Photo by Gayatri Venkatesh from Bengaluru...

Border Security Force (BSF) personals handing over a 15 years old Pakistani national Razak...

Border Security Force (BSF) personals handing over a 15 years old Pakistani national Razak...

Basaveshwara statue is decorated on the occasion of Basava Jayanthi and Akshaya Tritiya....

Basaveshwara statue is decorated on the occasion of Basava Jayanthi and Akshaya Tritiya....

A Japanese Hitoshi Takahashi biker performs stunt during Yamaha FMX stunt show in Kochi, Kerala...

A Japanese Hitoshi Takahashi biker performs stunt during Yamaha FMX stunt show in Kochi, Kerala...

People use umbrella to protect from rain at at MG Road and Kasturba Road junction in Bengaluru...

People use umbrella to protect from rain at at MG Road and Kasturba Road junction in Bengaluru...

A lion beats the heat by relaxing under a tree at Dr Shivaram Karnath Biological Park...

A lion beats the heat by relaxing under a tree at Dr Shivaram Karnath Biological Park...

Like us on Facebook

Copyright 2017, The Printers (Mysore) Private Ltd., 75, M.G Road, Post Box 5331, Bengaluru - 560001
Tel: +91 (80) 25880000 Fax No. +91 (80) 25880523
Powered by Yodasoft Technologies Pvt. Ltd.