India is advocating for a more sustainable and balanced trade relationship with China, according to Commerce Secretary Rajesh Agrawal. In remarks made on Wednesday, Agrawal highlighted the recent positive momentum in bilateral ties and emphasized the need to address pressing issues such as structural trade imbalances and unpredictable market access.
The Indian government is actively seeking greater access to Chinese markets for its goods and services. Agrawal noted that India has significant potential to boost exports in various sectors, including agriculture, marine products, pharmaceuticals, textiles, and engineering goods. Facilitating business travel and easing visa processes are also seen as crucial steps to enhance interaction between business communities in both countries.
Recent diplomatic engagements have underscored these efforts, with Indian Prime Minister Narendra Modi and Chinese President Xi Jinping having discussions focused on improving bilateral relations. Both leaders stressed that differences should be managed to prevent them from escalating into disputes.
India aims to continue its engagement with China through established trade mechanisms. The goal is to tackle existing economic challenges and foster a more predictable environment for businesses operating in both nations. The discussions between the two countries reflect a mutual interest in strengthening economic ties and addressing key trade concerns.