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India in talks with China for early announcement of Chinese import quotas

File photo Photograph:( AFP )

WION New Delhi, Delhi, India Feb 08, 2019, 10.38 PM (IST) Written By: Sidhant Sibal

New Delhi is in discussion with Beijing for an early announcement of Chinese import quotas for sugar and rice for 2019. The move will help Indian exporters plan their exports well in time for the current year.

India is also engaging with China for signing protocols for the export of Indian soybean meals, cakes and pomegranates to China in the near future, discussions for the same are advancing. 

India's Department of Commerce has signed three protocols with China to ease the environment for Indian businesses in the world's second-largest economy.

In June 2018, a protocol on the export of Indian rice to China was signed during PM Modi's visit for the Shanghai Cooperation Organization (SCO) Summit in Qingdao. The agreement paved way for the export of Indian rice to China.

In November 2018, India and China signed a protocol for the export of Indian fishmeal/fish oil to China.

Last month, on January 21 and 22, both the countries renewed and signed the protocol on the export of Indian tobacco, making way for the exports of Indian tobacco to China. 

The growth of Indian exports to China has been driven by marine products, organic chemicals, plastics, petroleum products, grapes and rice. Indian exports to China between April-December 2018 stood at $12.7 billion.

China and India have been keen on engaging bilaterally especially on the trade front. Indian Prime Minister Narendra Modi and Chinese President Xi Jinping met four times last year. This year, the Chinese President will be visiting India for the second informal summit between the two countries. The first informal summit took place in Wuhan in April 2018.

Story highlights

In June 2018, a protocol on the export of Indian rice to China was signed during PM Modi's visit for the Shanghai Cooperation Organization (SCO) Summit in Qingdao. The agreement paved way for the export of Indian rice to China.