Question : TRADE DISCUSSION WITH CHINA

(a) the total volume of bilateral trade between India and China during the last three years as well as on date;

(b) whether the balance of trade is favouring China during the above period;

(c) if so, the steps taken/being taken by the Government to increase India`s export to China, and to enhance its trade with that country;

(d) whether many trade related matters including trade in services and information technology under GATS have been discussed with Chinese Government during the recent visit of Hon`ble Prime Minister to China;

(e) if so, the details of issues discussed;

(f) the response of Chinese Government thereto;

(g) the details of trade related agreements signed by the two countries;

(h) the likely impact of these agreements on India`s trade volume on domestic industries and Indian economy; and

(i) the steps proposed to be taken to prevent domestic industries from adverse impact of these agreements?

THE MINISTER OF STATE IN THE MINISTRY OF COMMERCE AND INDUSTRY (SHRI S.B. MOOKHERJEE)

(a) & (b) The level of trade between the two countries during the last three years has been as under :-

(US$ MILLION)
2000-01	2001-02	2002-03(P)
Export 828.68 951.95	1961.11
%age growth +53.81	+14.87	+106.01
Import 1492.49 2036.39	2782.50
%age growth +15.99	+36.44 +36.64
Trade volume	2321.17 2988.34	4743.61
%age growth +27.15	+28.74 +58.73
Trade balance - 663.81 -1084.44 -821.39
( Source DGCI&S )

(P) - Provisional

(i)	A Memorandum on Expanding Border Trade

(ii)	A Protocol of Phytosanitary Requirements for Exporting Mangoes from India to China.

(iii)	A Declaration on Principles for Relations and Comprehensive Cooperation including inter-alia	the following elements pertaining to trade :
-	The importance of the Ministerial meeting of the Joint Economic Group (JEG)
-	Setting up of a compact Joint Study Group (JSG) composed of officials and economists to examine	the potential of complementarities between the two countries in expanding trade and economic cooperation.