India is poised to achieve its highest ever exports to China this fiscal driven by marine products, organic chemicals, plastics, petroleum products, grapes and rice.
Between April-December 2018, exports stood at US$ 12.7 billion, which is close to last year’s total exports of US$ 13.33 billion.
The union commerce department had taken the initiative to identify and share with Indian exporters, specific lines where US would lose competitiveness in China and where India had an export potential and encouraged exporters to seize this opportunity.
B2B meetings with Chinese buyers were facilitated through the Indian embassy in Beijing. Chinese grape buyers were invited to visit Indian grape farms and related units under Agricultural & Processed Food Products Export Development Authority (APEDA).
Meanwhile, India is hopeful of signing protocols for export of Indian soybean meals, cakes and pomegranates to China. Besides, confabulations are on for early announcement of Chinese import quotas for sugar and rice, so that Indian exporters are able to plan their exports in time.
In light of US duties on Chinese products, similar steps have been taken with regard to
Indian exports to USA too.