The two sides reaffirmed their aim to promote bilateral trade in the field of pharmaceuticals including resolution of issues of Indian pharma products exports to<\/p>\n
Chinese markets.<\/p>\n
The eleventh session of the China-India joint-group on Economic Relations, Trade, Science & Technology held on Tuesday was co-chaired by the Union<\/p>\n
Minister of Commerce & Industry and Civil Aviation Suresh Prabhu and the Minister of Commerce of the People\u2019s Republic of China Zhong Shan.<\/p>\n
The two Ministers while reaffirming and reiterating their commitments to promote a balanced and sustainable bilateral trade, agreed to continue to take forward<\/p>\n
the initiatives identified in the Five Year Development Programme for Economic and Trade Cooperation between the People\u2019s Republic of China and India<\/p>\n
signed in September 2014.<\/p>\n
The Chinese side noted India\u2019s concern regarding the long existing trade imbalance and requests for market access of Indian products and services and<\/p>\n
expressed its commitment to address these concerns through the broad framework provided by successive JEGs and the Five Year Development Programme<\/p>\n
for Economic and Trade Cooperation between the People\u2019s Republic of China and the Republic of India.<\/p>\n
The Chinese side reaffirmed their commitment to accelerating the provision of market access for Indian agricultural products pertaining to non-basmati rice,<\/p>\n
rape-seed meals, soya-meals, pomegranate and pomegranate arils, okra, banana and other fruits and vegetables and bovine meat expeditiously.<\/p>\n
The two sides reaffirmed their aim to promote bilateral trade in the field of pharmaceuticals including resolution of issues of Indian pharma products exports to<\/p>\n
Chinese markets.<\/p>\n
The Ministers agreed to draw-up a medium and long term roadmap with action points and timelines for increasing bilateral trade between the two countries in a<\/p>\n
balanced and sustainable manner, as the two countries are the largest emerging economies of the world with 35% of the world\u2019s population and around 20% of<\/p>\n
the world\u2019s GDP but the relative volume of bilateral trade is less than 1% of global trade.<\/p>\n
The two sides agreed to strengthen cooperation within WTO, and other multilateral and regional frameworks, to maintain their common interest. Both the sides<\/p>\n
reiterated their commitment to rules based multilateral global trade.<\/p>\n","protected":false},"excerpt":{"rendered":"
The two sides reaffirmed their aim to promote bilateral trade in the field of pharmaceuticals including resolution of issues of Indian pharma products […]<\/p>\n","protected":false},"author":1,"featured_media":26230,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[312],"tags":[],"class_list":["post-26229","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-india"],"_links":{"self":[{"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/posts\/26229","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/comments?post=26229"}],"version-history":[{"count":1,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/posts\/26229\/revisions"}],"predecessor-version":[{"id":26231,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/posts\/26229\/revisions\/26231"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/media\/26230"}],"wp:attachment":[{"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/media?parent=26229"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/categories?post=26229"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/tags?post=26229"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}