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28
January 2019
 |
India and China (The Total Investment & Insurance Solutions)
India and China have held wide ranging
discussions on various issues, including providing market access to domestic
products in the neighbouring country, the commerce ministry said Monday.
The meeting was held last week in Beijing
between Commerce Secretary Anup Wadhawan and ViceMinister of General
Administration of China Customs (GACC) Zhang Jiwen. Both the countries have
signed a protocol for exporting non-basmati rice, fish meal and fish oil to
China, it said.
GACC has also approved six Indian mills for
export of rapeseed meal to China, it added. Both the nations have also inked a
protocol to export Indian tobacco leaves to China, which is the largest
consumer and producer of tobacco with over 350 million smokers - the world's
highest.
These developments assume significance as
India wants to increase exports to China with a view to bridge the ballooning
trade deficit, which has increased to USD 63.12 billion in 2017-18 from USD
51.08 billion in the previous fiscal.The
Total Investment & Insurance Solutions
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