India, China to resolve agri, pharma trade issues in shadow of trade war

India, China to resolve agri, pharma trade issues in shadow of trade war Back to News & Events List


India-China trade talks, which ended on Tuesday, saw the two countries signing joint minutes, beating the earlier record of 2014 when it took almost a month to agree on a statement.
 
The Indian side was able to persuade China to give a commitment on accelerating market access for Indian non-basmati rice, rape-seed meal, soya-meal, pomegranate and pomegranate aril, okra, banana and bovine meat.
 
China has also agreed to resolve issues about Indian pharmaceutical exports. Over 240 pharmaceutical applications of Indian exporters are pending with China.
 
The two sides have agreed to promote bilateral trade in pharmaceuticals. India's exports in the sector was $ 27.11 million in 2016-17.
 
India's firm stance on the issue has led China to commit to providing market access after a long gap of more than 13 years. After a persistent push from our side, China had allowed market access to three Indian food products - mangoes, grapes and rice - back then. Even among these, China later introduced further subcategories for rice, which meant basmati varieties faced difficulties in exports, a senior official from Agricultural and Processed Food Products Export Development Authority said.
 
 
Source: business standard

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