November 7, 2018 8:54 AM

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India seeks greater market access for areas like agriculture products, pharmaceuticals, IT services and tourism in China: Commerce Ministry

<span style="color: #222222;">India has sought greater market access for areas like agriculture products, pharmaceuticals, IT services and tourism in China. Commerce Ministry said, the move is aimed at bridging the widening trade deficit with the neighbouring country. The issues were discussed during a meeting between Commerce Secretary Anup Wadhawan and Wang Shouwen, Vice Minister of China's Commerce Minister in Shanghai. </span><br />'' <br />'' <span style="color: #222222;">Commerce Secretary said, areas like agriculture products, pharmaceuticals, information technology services and tourism in which India has proven strengths and significant global presence need to be encouraged in bilateral trade with China. </span><br />'' <br />'' <span style="color: #222222;">Mr Wadhawan asked for guidance, facilitation, support and assistance to the relevant stakeholders for creating a suitable environment for India's exports in these sectors to China. The commerce secretary also expressed concerns regarding the large trade deficit.</span><br />'' <br />'' <span style="color: #222222;">The bilateral trade stood at 89.71 billion dollars in 2017-18. The trade deficit increased to 63.12 billion dollars in 2017-18 as against 51.11 billion in the previous fiscal.</span><br />

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