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    <title>Reducing Trade Gap with China</title>
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    <description>The document identifies the bilateral trade deficit with China as a key concern and records a joint policy commitment under the Five-Year Development Program to pursue balanced trade and increase services trade. To support export growth, the Government of India relies on the Foreign Trade Policy (2015-20) and associated instruments-MEIS and SEIS incentives, increased MEIS coverage, a Special Advance Authorisation Scheme for apparel inputs, and trade facilitation measures including reduced documentation and online filing-to enhance export competitiveness and narrow the trade gap.</description>
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