BEIJING: India today said “imbalanced” trade with China leading to a yawning USD 47 billion trade deficit needs to be “pro-actively” addressed through improved market access for Indian products with competitive advantage like those in IT and agro.
“Such imbalanced trade is not in the long-term interest of either country. Both governments are committed to taking imaginative measures and rigorous effort in tackling this issue,” Minister of State for External Affairs Gen (Retd) V K Singh said at the India-China Economic and Tourism Cooperation Forum.
“The deficit requires to be pro-actively addressed,” he said at the forum, being held on the sidelines of China South Asia Fair in southwest China’s Kunming city in Yunnan province.
Answer to the mounting trade deficit lies in improved market access for Indian products with competitive advantages such as IT products and services, pharmaceuticals, agro- products, and value-added textiles, he added.
However, he noted that the bilateral trade has not grown in a balanced way.
外文标题：Imbalanced trade not in India, China’s interest: V K Singh
Priya G (Mumbai)
good to see General talking about trade deficit !!
Bharat vamsi (Unknown)
Minister touched the right spot. Hope things would improve.
HAT HUM AAP aur TUM (Delhi / NCR)
Active make in India is only solution. What will china import from India, other than ores? Huge outflow in mobiles probably is the biggest culprit. Add on from toys to lintels, every conceivable item being imported from China.
PC (Kolkata) replies to HAT HUM AAP aur TUM
Cheap but low quality Chinese product flooded India. Our Leo Toys were far more superior and good for children health as it was Lead free. but cheap Chinese product not only destroyed Leo toys but toys from China contains huge Lead which affects chidren memory. We purchase it as it is cheaper. But China creates trade barrier for our IT products which are exported in entire Europe and USA. China also purchase Space materials from other Nation not from India despite Indian space Science is considered one of the best in the world.
Vijay Bali (India)
ignore China products
Jaishankar Prasad (Unknown)
People and businessman of our countries should stop importing chinese goods and government should impose heavy duty on all chinese goods.
Ayush Jha (Bihar)
if China will not open it’s market for us, it’s best to put hefty taxes on them at customs.
Truth Sach (Udupi)
Best way is avoid Chinese products by imposing hefty customs charges.