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Indian companies invited to tap Chinese markets
China on Saturday invited Indian firms to cash in on the opportunities provided by the $50 billion worth Shanghai market and to enhance trade and investment between the two countries.
China on Saturday invited Indian firms to cash in on the opportunities provided by the $50 billion worth Shanghai market and to enhance trade and investment between the two countries.
"India and China have a critical role in realising a fair trade regime for Asia and the developing world, particularly after China's accession to the WTO," Shanghai WTO Affairs Consultation Centre chairman, Wang Zhan said.
Addressing an Assocham interactive session, Zhan, heading a seven-member high-powered delegation, said the growth rate of Shanghai had been over 10 per cent throughout the last decade and export from the region totalled $26 billion annually.
He said China was engaged in several initiatives to enhance its knowledge of WTO rules and had been conducting specialised training in WTO affairs. "Our first India-initiative was to send trainees to the Indian Institute Of Foreign Trade to learn the intricacies of trading rules and regulations," Zhan said.
Assocham International Trade Committee chairman, Anil Agarwal said China's accession to WTO would be beneficial to Indian exports as tariff would go down and non-tariff barriers would gradually disappear.
"Indian exporters will find new opportunities unfolding in the Chinese market, especially in the key sectors of IT, agriculture, banking and insurance, chemical, pharmaceutical and biotechnology," Agarwal said. Bureau Report
Addressing an Assocham interactive session, Zhan, heading a seven-member high-powered delegation, said the growth rate of Shanghai had been over 10 per cent throughout the last decade and export from the region totalled $26 billion annually.
He said China was engaged in several initiatives to enhance its knowledge of WTO rules and had been conducting specialised training in WTO affairs. "Our first India-initiative was to send trainees to the Indian Institute Of Foreign Trade to learn the intricacies of trading rules and regulations," Zhan said.
Assocham International Trade Committee chairman, Anil Agarwal said China's accession to WTO would be beneficial to Indian exports as tariff would go down and non-tariff barriers would gradually disappear.
"Indian exporters will find new opportunities unfolding in the Chinese market, especially in the key sectors of IT, agriculture, banking and insurance, chemical, pharmaceutical and biotechnology," Agarwal said. Bureau Report