Zhong Shan, Deputy Minister of Commerce, met on March 19 with Pillai, Commercial Secretary of Indian Ministry of Commerce and Industry. The Two Sides exchanged views on further expanding bilateral trade and investment, trade imbalance, trade frictions and commodity inspection and quarantine.
Chinese side attaches great importance to the development of China-India economic and trade relations, and is willing to promote and expand bilateral trade and investment. China expressed grave concerns on the India’s frequent trade remedy investigations against Chinese products and India’s discriminatory restrictions on Chinese toys. Chinese side asked India Side not to indiscriminatingly take trade remedy measures and to lift the discriminatory restrictive measures against Chinese products, which are in violation of WTO rules. The Chinese side expressed that, the two countries should implement the consensus reached in Washington G20 summit and joint efforts in fight against trade protectionism, that the two sides should solve problems of bilateral trade through strengthening government communication and consultation and promoting business dialogue.
Indian side said that India shall study and formulate relevant standards for toy safety as soon as possible, which shall apply uniformly for all imported and home made toys, so as not to discriminate against Chinese products. India is willing to solve problems of special safeguard and anti-subsidy investigation that the Chinese side shows concerns through working-level consultations.
The Two Sides agreed to establish a working group mechanism under the joint committee for regular communication and consultation on trade issues.
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