Trade Deficit Between India and China
Author: indiadmin February 4, 2021
The Government of India has made sustained efforts to achieve a more balanced trade with China, including bilateral engagements to address the non tariff barriers on Indian exports to China. Through these efforts, various protocols have been signed to facilitate export of Indian rice, tobacco, fishmeal /fish oil and chilli meal from India to China. The Government has also taken various measures to extend support to exporters by facilitating Buyers Seller Meets between potential importers of China and the Indian exporters to increase exports. In addition, Indian exporters are encouraged to participate in major trade fairs to showcase Indian products.
The Government has taken theinitiative to sensitize the Export Promotion Councils /Trade Bodies to enhance export of Indian goods.
The Government has also implemented policies to promote domestic manufacturing through ease of doing business and creating an enabling physical environment for manufacturing, through provision of developed land and infrastructure.