Press Information Bureau
Government of India
Ministry of Commerce & Industry

13-August-2012 16:54 IST

Trade with China

  Details of trade between India and China during last three years are given            below:-

            TABLE-1:  Bilateral Trade Statistics                                 

(P)* Provisional     (Source; DGCI&S) 

          Chinese export to India relies strongly on manufactured items meeting the demand of fast expanding sectors like telecom and power in India. Chinese companies supply relevant equipments at competitive prices. India’s exports are characterized by primary products, raw material and intermediate products. Further there are non-tariff barriers on imports of agricultural products in China as well as limited market access of Indian products.

India has not provided any special concessions for promoting trade of Chinese products except those that India generally makes available to all WTO member countries and those that are available to China as a signatory to the Bangkok Agreement now called the Asia Pacific Trade Agreement (APTA). India and China both are participating States of APTA. India has offered tariff concession on 570 tariff lines to non-Least Developed Countries (LDC) members of the APTA. In turn, China has also offered tariff concession on 1,697 tariff lines to non-LDC members of APTA.

         This information was given by the Minister of State  for Commerce & Industry Shri Jyotiraditya M. Scindia  in written reply to a question in Lok  Sabha today.

 

DS/GK

Bilateral trade policy: manufacturing-led Chinese imports and APTA-based tariff concessions shape India-China market access. Bilateral trade is characterised by Chinese manufactured imports meeting demand in expanding Indian sectors and Indian exports of primary, raw and intermediate products; Chinese agricultural market access is limited by non tariff barriers. India has not given China special bilateral concessions beyond WTO commitments and reciprocal tariff concessions under the Asia Pacific Trade Agreement (APTA), where both countries have offered tariff concessions to non LDC members.