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India to participate in China's first international import expo in Shanghai

The six-day China International Import Expo will be inaugurated on Monday by Chinese President Xi Jinping

Press Trust of India  |  Beijing 

Illustration by Ajay Mohanty
Illustration by Ajay Mohanty

will participate in China's first international import expo in as part of its efforts to reduce over $ 51 billion trade deficit with the neighbouring nation, Indian officials said here on Sunday.

The six-day International Import Expo (CIIE) will be inaugurated on Monday by Chinese

Leaders of 18 countries, including Imran Khan, will take part in the event, which is aimed at showcasing China's import potential.

An Indian delegation led by Commerce Secretary Anup Wadhawan has arrived in to take part in the event, officials said.

"has built a pavilion at the expo highlighting its focus areas of agricultural products, pharmaceuticals, and tourism," Prashant Lokhande, Economic and Commerce of the here told PTI.

The (FIEO) along with relevant government agencies has built pavilion at the expo, which is billed as the biggest event organised by China, the world's largest exporter, to showcase opportunities.

Chinese says the scope of imports could be over a $ trillion dollars.

The expo is being held amid China's trade war with the US, which slapped additional tariffs on Chinese goods worth about $ 250 billion, demanding to bring down the trade deficit amounting to $ 375 billion. had retaliated with counter tariffs.

India too has been pressuring to take measures to bring down over $ 51 billion annual trade deficit, which was one of the main focus areas in the informal meeting between and Chinese at Wuhan in April this year.

Since then officials of the two countries held several rounds of talks for India to export its like sugar and rice as well as its and IT in which the country has upper hand in the global exports.

The of India's Consulate in Shanghai, Anil Kumar Rai, said the expo will enable India to showcase products in the areas in which it is strong.

Though the expo, which would be held till Novemebr 10, has evoked tremendous interest in global industry, diplomatic sources said China is yet to liberalise its import market.

It is the world's first import-themed national-level expo that will feature enterprise and business exhibitions, country pavilions for trade and investment, the state-run reported.

About 82 countries and three international organisations will set up 71 booths at the country pavilions, covering an area of about 30,000 square metres.

Twelve countries -- Brazil, Canada, Egypt, Germany, Hungary, Indonesia, Mexico, Pakistan, Russia, South Africa, and the UK -- will be the "Guest of Honour" at the mega business event.

More than 3,000 companies from over 130 countries have confirmed participation in the enterprise and business exhibitions at the expo, with a total booth area of 270,000 square metres, the report said.

First Published: Sun, November 04 2018. 19:50 IST