China has agreed to increase imports from India: Commerce Minister Suresh Prabhu

Reuters New Delhi, Delhi, India Oct 26, 2018, 03.18 PM(IST)

File photo of Suresh Prabhu. Photograph:( Zee News Network )

Story highlights

Prabhu said Chinese authorities will hold a meeting in November specifically with Indian exporters to address their concerns relating to market access and trade regulations.

Commerce Minister Suresh Prabhu on Friday said that China has agreed to increase its imports from the country.

"Global disruptions offer a chance to increase Indian exports," Prabhu said at an event organised by the Confederation of Indian Industries (CII).

Prabhu said Chinese authorities will hold a meeting in November specifically with Indian exporters to address their concerns relating to market access and trade regulations.

India's trade deficit with China is its widest with any country, with large amounts of electronics and other items flowing across the border with its northern neighbour.

The Indian government said on Thursday it is set to boost exports of rice and rapeseed to China to try to narrow this gap.