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President Patil calls for greater market access for Indian goods in Chinese market | President Pratibha Devisingh Patil, who is on a visit to China, said on Sunday that unless market access for Indian pharmaceutical, engineering and information technology companies improves, trade relations between
India and China, which is under strain at present, would continue to worsen. During
her meeting here with the ruling Communist Party's Shanghai chief Yu Zhengsheng,
Patil said it was important for Beijing to focus on trade imbalances and market
access issues. Briefing media persons about the meeting, Foreign Secretary Nirupama
Rao underlined that India wanted more market access in China in fields like engineering
goods, IT (Information and Technology), IT enabled services, agricultural products
and commodities, and added that this issue has been well conveyed to the Chinese
leadership during Patil's visit. The trade relationship between the two countries
has been seen as a crucial driver of overall bilateral relations amid persisting
political strains over the long-pending border dispute. India's recent restrictions
on the import of Chinese telecom equipment in light of security concerns, has
added to the list of strains. Responding to a question on the dumping of Chinese
goods in Indian markets, Rao said there are many corrective measures in place
to check such practices. "There are a number of anti-dumping investigations also
on Chinese products coming into India. And , there are also safeguard duties that
are placed on Chinese goods. Whenever we see a surge which is likely to affect
our industry adversely, corrective measures are taken," she said. Earlier, during
the last leg of her China visit, Patil visited the Indian pavilion at the Shanghai
World Expo, which is being described as the biggest and most expensive in exhibition
history. She also unveiled a statue of Rabindranath Tagore in the heart of old-town
Shanghai, China's financial capital. Tagore had visited Shanghai in the 1920s
and left a strong influence on a whole generation of Chinese intellectuals and
writers. |
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