Help our industry, like we help yours: India tells China Read more: Help our industry, like we help
29th Sep 2010
BEIJING: After creating a "level-playing field" for Chinese telecom companies doing business in India, New Delhi has asked Beijing to reciprocate by creating opportunities for its IT and pharma industry.
"Our bilateral trade is expected to cross $60 billion in 2010, making China once again India's largest trade partner. India, however, is only China's 14th largest trade partner," Indian Ambassador to China S Jaishankar said while addressing a India-China business seminar in Shenzhen.
The seminar was attended by businessmen and trade officials of both the countries.
"That imbalance, along with large recurring trade deficits, speaks of a larger market access issue that India faces in China... The Chinese government assures us that it is not their intention to create large trade surpluses and that they would be importing more goods from India, particularly in the value added category," he said.
Read more: Help our industry, like we help yours: India tells China - The Times of India http://timesofindia.indiatimes.com/india/Help-our-industry-like-we-help-yours-India-tells-China/articleshow/6651116.cms#ixzz10vEoIpzW