New Delhi, March 28: Union Commerce Minister Suresh Prabhu and his Chinese counterpart Zhong Shan on Tuesday signed the Agreed Minutes of the 11th Session of India-China Joint Group on Economic Relations, Trade, Science and Technology.
The Chinese side noted India’s concern regarding the long existing trade imbalance and requests for market access of Indian products and services and expressed its commitment to address these concerns through the broad framework provided by successive JEGs and the Five Year Development Programme for Economic and Trade Cooperation between the People’s Republic of China and the Republic of India.
The Chinese side reaffirmed their commitment to accelerating the provision of market access for Indian agricultural products pertaining to non-basmati rice, rape-seed meals, soya-meals, pomegranate and pomegranate arils, okra, banana and other fruits and vegetables and bovine meat expeditiously.
Both Countries reaffirmed their aim to promote bilateral trade in the field of pharmaceuticals including resolution of issues of Indian pharma products exports to Chinese markets.
The two sides agreed to strengthen cooperation within WTO, and other multilateral and regional frameworks, to maintain their common interest. Both the sides reiterated their commitment to rules based multilateral global trade.