India, China to resolve agri, pharma trade issues in shadow of trade war Back to News & Events List


India-China trade talks, which ended on Tuesday, saw the two countries signing joint minutes, beating the earlier record of 2014 when it took almost a month to agree on a statement.
 
The Indian side was able to persuade China to give a commitment on accelerating market access for Indian non-basmati rice, rape-seed meal, soya-meal, pomegranate and pomegranate aril, okra, banana and bovine meat.
 
China has also agreed to resolve issues about Indian pharmaceutical exports. Over 240 pharmaceutical applications of Indian exporters are pending with China.
 
The two sides have agreed to promote bilateral trade in pharmaceuticals. India's exports in the sector was $ 27.11 million in 2016-17.
 
India's firm stance on the issue has led China to commit to providing market access after a long gap of more than 13 years. After a persistent push from our side, China had allowed market access to three Indian food products - mangoes, grapes and rice - back then. Even among these, China later introduced further subcategories for rice, which meant basmati varieties faced difficulties in exports, a senior official from Agricultural and Processed Food Products Export Development Authority said.
 
 
Source: business standard

Recent News


12

06/2018
Oilmeal export in May 2018 provisionally estimated to be 97,036 tonne

The export of oilmeal in May 2018 was provisionally reported at 97,036 tonne, compared to 1,44,524 tonne in May 2017. The overall export in April and May 2018 was reported at 3...

30

05/2018
Boosting ASEAN ties: Modi to visit Indonesia, Malaysia, Singapore

As part of India's efforts to boost ties with Southeast Asia under its Act East Policy, Prime Minister Narendra Modi will visit Indonesia, Malaysia and Singapore from May ...

17

05/2018
Government approves Rs 5,000 crore for dedicated micro irrigation fund

In line with the Prime Minister's ‘per drop more crop’ initiative, the government on Wednesday approved a corpus of Rs 5,000 crore for the setting up of a dedi...

07

05/2018
GST Council meet today to consider simplified tax returns, cess on sugar

The Goods and Services Tax (GST) Council is set to hold its 27th meeting on Friday to decide on the proposals to simplify the return-filing process and consider imposing cess ...