Commerce Minister Suresh Prabhu today said India and China have agreed to set up industry specific working groups for increasing exports with a view to bridge trade deficit with Beijing. Mr. Prabhu said in a tweet that concerned about growing trade deficit with China, it has been agreed to set up industry specific working groups, to promote more exports from India. <br/><br/>Mr. Prabhu is in Manila, the Philippines to attend the fifth East Asia Summit (EAS) Economic Ministers' Meeting. At the sidelines of EAS meet, the minister met his Chinese counterpart Zhong Shan to discuss ways to promote bilateral trade between the countries.<br/><br/>India's trade deficit with China narrowed marginally to 51.08 billion US Dollars in 2016-17 from 52.69 billion US Dollars in 2015-16. India wants greater market access in China for its goods and services like IT and pharma products. The country has also insisted upon China to increase investments.<br/><br/>Mr.Prabhu, who recently took charge of the ministry, also met Japanese Minister of economy, trade and industry Hiroshige Seko and Korean Trade Minister Hyun Chong KIM.