THE MINISTER OF STATE IN THE MINISTRY OF COMMERCE AND INDUSTRY (SHRI JYOTIRADITYA M. SCINDIA)
(a) The details regarding import-export between India and China during the last three
years is given below:-
Value in USD million
Year Export Import
2007-08 10871.34 27146.41
2008-09 9353.5 32497.02
2009-10 11616.09 30790.06
(b)&(c) There are various factors which restrict export from India to China. China’s macro
economic policies, exchange rate policy and other specific non-tariff measures make exports
to China uneconomic and cumbersome. During the eighth session of India-China Joint Group
on Economic Relations, Trade, Science and Technology (JEG) held on 19th January,2010, the
Commerce & Industry Minister raised the issue of growing trade deficit with his Chinese
counterpart. As an outcome of 8th JEG, an MoU on Expansion of trade and Economic Cooperation
was signed between India and China. The MoU recognizes that a balanced trade is conducive
to long term, sustainable and harmonious development of economic cooperation between India
and China. As per the MoU, the Chinese side shall strive to import as much of its requirement
of value added goods from India as possible.
