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India raises trade deficit issue with China, seeks more market access

IANS  |  Beijing 

on Tuesday expressed concerns over its increasing trade deficit with and asked to give Indian products more access to the Chinese market in the fields of pharmacy, agriculture and

India's had a bilateral meet with China's in where he expressed concerns regarding the increasing trade deficit.A

The trade between and last year reached $84.4 billion. The current trade deficit between both countries stands over $60 billion.

has often complained to about less Indian exports due to the strictly-controlled Chinese market.

The said in a statement that Wadhawan told Wang that "areas such as agriculture products, pharmaceuticals, services and tourism, in which India has proven strengths and significant global presence but a minuscule presence in China, need to be encouraged in bilateral trade".

Besides, he acknowledged Chinese government's efforts in clearing some of the market access issues such as for rice and rapeseed meal, among others, in the past few months and expressed satisfaction over progress on soyabean meal and pomegranate, among other commodities.

Wadhawan is attending the China International Import Expo in

(is the in He can be reached at sharmagaurav71@gmail.com)

--IANS

gsh/nir

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, November 06 2018. 17:42 IST
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