Lankan Ranger
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China & India call for stronger trade ties
China and India called for stronger trade and investment ties between the countries, stressing the world's two most populous nations were friends and not enemies.
"The scale and level of bilateral trade is far from enough given the size of our two economies," Chinese commerce minister Chen Deming told a news conference after meeting Anand Sharma, India's commerce and industry minister in Beijing yesterday.
Sharma is presently on a three-day visit to China. He is accompanied by senior bureaucrats including commerce secretary Rahul Khullar and top officials from the ministries of animal husbandry, agriculture, industry, chemicals and information technology.
"There is great potential and room for growth in investment between the two nations," the Chinese minister added.
A commerce ministry statement issued in New Delhi said "the Chinese minister emphasised that China and India should work together to further develop their economic relationship as an important plank of their bilateral partnership."
"He agreed that both sides could work together to ensure more balanced trade," the statement added.
Earlier, Chen told a forum on China and India trade and investment cooperation that the Asian neighbours should "eliminate misunderstandings and bias" and work towards a more balanced trade relationship.
"The world has enough room for cooperation between us in our pursuit for development," Chen added.
A balance of exports and imports is important, and surplus is sometimes difficult to deal with," Sharma said at the news conference.
"We have very frankly discussed all these issues and also the measures required to ensure that there is a balance between India and China's economic engagements," Sharma said adding that Beijing had encouraged Indian firms in the information technology, pharmaceutical and construction sectors to work with local partners to have "more presence and access" in China.
domain-b.com : China, India call for stronger trade ties
China and India called for stronger trade and investment ties between the countries, stressing the world's two most populous nations were friends and not enemies.
"The scale and level of bilateral trade is far from enough given the size of our two economies," Chinese commerce minister Chen Deming told a news conference after meeting Anand Sharma, India's commerce and industry minister in Beijing yesterday.
Sharma is presently on a three-day visit to China. He is accompanied by senior bureaucrats including commerce secretary Rahul Khullar and top officials from the ministries of animal husbandry, agriculture, industry, chemicals and information technology.
"There is great potential and room for growth in investment between the two nations," the Chinese minister added.
A commerce ministry statement issued in New Delhi said "the Chinese minister emphasised that China and India should work together to further develop their economic relationship as an important plank of their bilateral partnership."
"He agreed that both sides could work together to ensure more balanced trade," the statement added.
Earlier, Chen told a forum on China and India trade and investment cooperation that the Asian neighbours should "eliminate misunderstandings and bias" and work towards a more balanced trade relationship.
"The world has enough room for cooperation between us in our pursuit for development," Chen added.
A balance of exports and imports is important, and surplus is sometimes difficult to deal with," Sharma said at the news conference.
"We have very frankly discussed all these issues and also the measures required to ensure that there is a balance between India and China's economic engagements," Sharma said adding that Beijing had encouraged Indian firms in the information technology, pharmaceutical and construction sectors to work with local partners to have "more presence and access" in China.
domain-b.com : China, India call for stronger trade ties
