(a) the present status of India''s bilateral trade with China and Pakistan;
(b) whether the movement of cargo from Jammu & Pakistan through PoK has an impact on the trade and if so, the details thereof; and
(c) the details of the new strategy formulated by the Government for trade with China, particularly post-BRICS and BIMSTEC talks?
THE MINISTER OF STATE IN THE MINISTRY OF COMMERCE AND INDUSTRY (INDEPENDENT CHARGE)
(SMT. NIRMALA SITHARAMAN)
(a): Present status of India’s trade with China and Pakistan are given below:-
Bilateral Trade between India and China during 2015-16 and the current year
Value in USD Million
Year Import Export Total Trade
2015-16 61,706.83 9,010.35 70,717.18
2016-17
(April-September) (P) 29,235.01 4,014.14 33,249.15
(P); Provisional (Source; DGCI&S)
Bilateral Trade between India and Pakistan during 2015-16 and the current year
Value in USD Million
Year Import Export Total Trade
2015-16 441.03 2,171.14 2,612.16
2016-17
(April-September) (P) 236.66 763.41 1,000.06
(P); Provisional (Source; DGCI&S)
(b): The movement of cargo between Jammu &Kashmir and Pakistan Occupied Kashmir (POK) is covered under the Cross Line of Control (LOC) trade. The LOC trade is implemented through Ministry of Home Affairs, Government of India. Eligible items produced on either side of the LOC are traded under this mechanism. LOC trade being localised in Jammu and Kashmir is not counted towards India – Pakistan trade.
(c): India has engaged constructively with BRICS Countries including China during the 6th BRICS Trade Ministers Meeting held on 13th October, 2016, in New Delhi. On trade issues, the BRICS Trade Ministers agreed to enhance co-operation in the areas of micro, small & medium enterprises (MSME), services, intellectual Property right; single window; trade promotion; electronic commerce and standardization. For this purpose, they established framework cooperation in these areas.
As regard Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) talks,China is not part of the BIMSTEC.
******