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Economic ties to propel relations with China: PM

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  • Among other economic issues, commerce minister Kamal Nath raised several issues of market access to Indian companies. To list a few:

    India expressed concern on China putting a “huge cess” on coking coal

    While India has permission for export of 17 types of fruits and vegetables, China has allowed only 3 types so far. The Commerce Minister said he took this up with his counterparts.

    India raised the issue of Jet Airways being allowed to transit Shanghai and pick up passengers from there for San Francisco. This issue now stands resolved with India setting aside its security concerns over the Great Wall Airlines.

    On the issue of growing trade imbalance in favour of China, Kamal Nath said there is an urgent need to address this issue. However, he dispelled any doubts over India putting any restrictions on export of iron ore and minerals. “No question of restricting iron ore export. A suggestion was made to that with the rate of growth of trade, there is need to look at the trade basket. Sustainable trade has to be a win-win situation,” he said.

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