The Government is making efforts to reduce trade deficit with China.Minister of State for Commerce and Industry Nirmala Sitharaman saidthis in the Rajya Sabha in a written reply that the trade basket withemphasis on manufactured goods is being diversified. The Government is also pursuing market access issues to tackle non-tariff barriers in the Chinese market at various fora. Trade related issues are beingtaken up regularly at Ministerial level under India-China Joint Groupon Economic Relations, Trade Science and Technology (JEG). Indian exporters are also encouraged to participate in major trade fairs inChina and increase engagement with Chinese companies.
News On AIR | July 30, 2014 2:36 PM
Trade basket being diversified to reduce deficit with China