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Wednesday, Aug 07, 2002

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China to correct trade `imbalances'

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THE visiting 16-member delegation from Hebei Province of the People's Republic of China on Tuesday expressed its willingness to help India tackle trade the "imbalance" problem by exploring opportunities to expand China's basket of imports from India.

"Sino-Indian relations has made good progress in recent years. The purpose of our visit is to strengthen bilateral relations. We are also willing to help India in tackling the trade imbalance problem," Mr Zhao Jinduo, Chairman of Hebei Political Consultative Conference and head of the delegation, said here at a meeting organised by the Federation of Indian Export Organisations (FIEO).

Mr Jinduo's remarks came in response to the observations made by Mr Subash Mittal, Chairman (Northern Region) of FIEO, that India-China trade is still "imbalanced" from India's point of view and that there was considerable scope for China to increase its imports from India.

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