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Indian products have limited market access in China: Govt

India has a trade deficit of $40.77 billion with China in 2012-13

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Press Trust of India New Delhi
Last Updated : Aug 07 2013 | 5:21 PM IST
Indian products have limited market access in China and farm items in particular are facing non-trade barriers, the government said today.

"There are non-tariff barriers on imports of agricultural products in China as well as limited market access of Indian products," Minister of State for Commerce and Industry D Purandeswari said in a written reply to the Rajya Sabha.

India has a trade deficit of $40.77 billion with China in 2012-13.

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The minister said that to reduce this deficit, India is trying to diversify its trade basket with China.

"We are also pursuing market access issues to tackle non-tariff barriers in the Chinese market at different fora," she said.

She informed that Chinese exports to India rely strongly on manufactured items meeting the demand of fast expanding sectors like telecom and power in India.

"Chinese companies supply relevant equipment at competitive prices. India's exports are characterised by primary products, raw material and intermediate products," Purandeswari added.

During the last fiscal, India's exports to China stood at $13.54 billion, while imports were $54.32 billion.

In a separate reply, the minister said that India has reduced its overall export target to $325 billion from $350 billion for the 2013-14 fiscal.

"The target was revised due to factors such as weak industrial growth, higher cost of credit, rupee depreciation, Euro zone sovereign debt crisis, recession in developed economies and sluggish global economic growth which have adversely impacted India's exports," she said.

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First Published: Aug 07 2013 | 5:18 PM IST

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