Commerce Minister Suresh Prabhu said in a tweet that India wants greater market access in China for its goods and services like IT and pharma products. India's trade deficit with China has marginally narrowed down to 51.08 billion US Dollars in 2016-17 from 52.69 billion US Dollars in 2015-16.
Prabhu is in Manila, the Philippines to attend the fifth East Asia Summit Economic Ministers' Meeting. At the sidelines of the meet, the minister met his Chinese counterpart Zhong Shan to discuss ways to promote bilateral trade between the two countries.
The minister would also participate in the trade ministers' meeting of 16 RCEP member countries today. Regional Comprehensive Economic Partnership (RCEP) is a mega trade pact among 16 countries which aims to cover goods, services, investments, economic and technical cooperation, competition and intellectual property rights.