jarnee
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Our Bureau
New Delhi, Dec 16 2008.
India and China are likely to achieve bilateral trade worth $40 billion much ahead of the official target of 2010, said Mr Yu Ping, Vice-Chairman, China Council for Promotion of International Trade at an India-China-Russia tripartite conference organised by FICCI and CII.
Citing rising labour costs in the coastal regions of China and anti-dumping charges in various markets, he said many Chinese companies were scouting for newer markets for manufacturing and exports.
Exports from India to China include cotton, organic chemicals, iron, steel, inorganic chemicals; imports from China are highest in the category of electrical machinery and equipment, nuclear reactors and related machinery, organic chemicals, mineral fuels, oil and products.
According to Export Import Bank data, India’s cotton exports to China rose from $514 million in 2005-06 to $750 million in 2006-07, organic chemicals from $460 million to $518 million in and inorganic chemicals and organic or inorganic precious metal compounds from $328 million to $351 million. China’s exports to India in electrical machinery and equipment rose from $2,773 million in 2005-06 to $4,241 million last year, nuclear reactors and machinery increased from $2,162 million to $3,249 million and organic chemical exports jumped from $1,310 million to $1,709 million.
Kolkata, Feb. 26 2009
The Chinese envoy, Mr Zhang Yan, on Tuesday focussed on the need for an increased level of participation on the part of Indian companies in bilateral trade between India and China. He was speaking to presspersons at a seminar held here today. Though the bilateral trade volume was growing rapidly, about $38.7 billion (up 55 per cent from last year), the trade surplus, which has been tilting in China's favour, had raised concerns, he said. "The Chinese Government attaches great importance to the alleviation of the international trade imbalance, including that between India and China, " Mr Zhang added. - Our Bureau
http://www.thehindubusinessline.com/2008/02/27/stories/2008022751202300.htm
New Delhi, Dec 16 2008.
India and China are likely to achieve bilateral trade worth $40 billion much ahead of the official target of 2010, said Mr Yu Ping, Vice-Chairman, China Council for Promotion of International Trade at an India-China-Russia tripartite conference organised by FICCI and CII.
Citing rising labour costs in the coastal regions of China and anti-dumping charges in various markets, he said many Chinese companies were scouting for newer markets for manufacturing and exports.
Exports from India to China include cotton, organic chemicals, iron, steel, inorganic chemicals; imports from China are highest in the category of electrical machinery and equipment, nuclear reactors and related machinery, organic chemicals, mineral fuels, oil and products.
According to Export Import Bank data, India’s cotton exports to China rose from $514 million in 2005-06 to $750 million in 2006-07, organic chemicals from $460 million to $518 million in and inorganic chemicals and organic or inorganic precious metal compounds from $328 million to $351 million. China’s exports to India in electrical machinery and equipment rose from $2,773 million in 2005-06 to $4,241 million last year, nuclear reactors and machinery increased from $2,162 million to $3,249 million and organic chemical exports jumped from $1,310 million to $1,709 million.
Kolkata, Feb. 26 2009
The Chinese envoy, Mr Zhang Yan, on Tuesday focussed on the need for an increased level of participation on the part of Indian companies in bilateral trade between India and China. He was speaking to presspersons at a seminar held here today. Though the bilateral trade volume was growing rapidly, about $38.7 billion (up 55 per cent from last year), the trade surplus, which has been tilting in China's favour, had raised concerns, he said. "The Chinese Government attaches great importance to the alleviation of the international trade imbalance, including that between India and China, " Mr Zhang added. - Our Bureau
http://www.thehindubusinessline.com/2008/02/27/stories/2008022751202300.htm
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