The
details of trade with China during last three years and the current year are as
per Annexure-I.
China has suspended import of
rapeseed meal from India with effect from 1st January, 2012 on the
ground of alleged contamination of malachite green dye in consignments of
Indian rapeseed meal exported to China. Indian
bovine meat and meat products have also been denied entry into the Chinese
market on grounds of alleged ‘Foot-and-Mouth Disease’ (FMD) in India. Market
access for certain fruits and vegetable is also pending with China.
The
issue of trade deficit with China has been raised by India with China from time
to time. At the 9th meeting of the Ministerial level India-China
Joint Group on Economic Relations, Trade Science and Technology (JEG), held in
August 2012, in New Delhi, India had raised the issue of growing trade deficit
with China. This issue was also discussed during the visit of
Indian Prime Minister to China in October 2013 and during the Chinese Premier’s
visit to India in May 2013. MOS C&I (IC) during her visit to China from
26-30th June 2014 also conveyed India’s deep concern of growing
trade deficit to the Chinese Commerce Minister. A Memorandum of Understanding
(MoU) on Cooperation on Industrial Parks in India was also signed between the
two countries on 30th June 2014 with the objective to expand the
scope of bilateral trade and investment cooperation, and promote cooperation
between Chinese and Indian enterprises including the development of Industrial
parks, Special Economic Zone (SEZ), National Investment and Manufacturing Zone
(NIMZ) etc. in India, which in turn has a potential
to positively affect our trade deficit.
Issue of market access for various
Indian products has consistently been pursued at different fora including the
India-China JEG at the ministerial level which discussed the issue of market
access for Indian products including agro-products. Specific Joint Working
Groups (JWG) take up issues related to market access to various Indian
products, removal of restrictions in export of agricultural products, trade in
services etc. The JWG on Trade in Services met in Beijing on December 13, 2013,
to discuss cooperation under Information technology and ITES, tourism,
entertainment and media services, etc. Cooperation in
Pharma sector and to boost pharma exports to China has constantly been pursued
with the Chinese authorities. Four MoUs have also been signed between India and
China: MoU on Cooperation related to Import and Export Trade of Fishery
Products, MoU on Trade and Safety of Feed and Feed Ingredients, MoU on Export
of Buffalo Meat from India to China and MoU on IT.
ANNEXURE- I
Table-1;
Trade Statistics between India and China
Value in USD Million
|
Year
|
Import
|
Export
|
Total
Trade
|
Trade
Deficit
|
|
I
|
II
|
III
|
IV
|
V
|
|
2011-12
|
55,313.58
|
18,076.55
|
73,390.13
|
37,237.03
|
|
2012-13
|
52,248.33
|
13,534.88
|
65,783.21
|
38,713.45
|
|
2013-14
|
51,049.01
|
14,829.31
|
65,878.32
|
36,219.70
|
|
April-May
2014*
|
9,219.00
|
2,213.10
|
11,432.10
|
7,005.90
|
*
Figures are provisional
(Source; DGCI&S)
Details
of top 10 principal commodities of export and import with China for
the last three years are as follows:
Table-2; India’s Exports to China
Value in USD
Million
|
2011-12
|
2012-13
|
2013-14
|
|
Commodity
|
Value
|
Commodity
|
Value
|
Commodity
|
Value
|
|
Iron Ore
|
4177.30
|
Cotton Raw Incld. Waste
|
2237.38
|
Cotton Raw Incld. Waste
|
1912.95
|
|
Cotton Raw Incld. Waste
|
3442.38
|
Copper And Prdcts Made Of Copr
|
2011.12
|
Cotton Yarn
|
1905.55
|
|
Copper And Prdcts Made Of Copr
|
2020.09
|
Iron Ore
|
1423.23
|
Copper And Prdcts Made Of Copr
|
1842.06
|
|
Petroleum Products
|
1170.37
|
Cotton Yarn
|
1155.40
|
Iron Ore
|
1205.66
|
|
Iron And Steel
|
581.28
|
Plastic Raw Materials
|
551.78
|
Petroleum Products
|
1025.34
|
|
Cotton Yarn
|
560.00
|
Granit, Natrl Stone And Prodct
|
512.46
|
Granit, Natrl Stone And Prodct
|
559.79
|
|
Plastic Raw Materials
|
559.12
|
Spices
|
501.19
|
Plastic Raw Materials
|
512.66
|
|
Organic Chemicals
|
493.50
|
Organic Chemicals
|
498.03
|
Organic Chemicals
|
491.66
|
|
Granit, Natrl Stone And Prodct
|
433.43
|
Castor Oil
|
323.11
|
Aircraft, Spacecraft And Parts
|
411.19
|
|
Castor Oil
|
320.26
|
Petroleum Products
|
320.73
|
Spices
|
384.29
|
|
Other Commodities
|
4360.43
|
|
4045.11
|
|
4621.55
|
Table-3;
India’s Imports from China
Value in USD Million
|
2011-12
|
2012-13
|
2013-14
|
|
Commodity
|
Value
|
Commodity
|
Value
|
Commodity
|
Value
|
|
Telecom Instruments
|
6823.73
|
Telecom Instruments
|
6390.61
|
Telecom Instruments
|
7064.71
|
|
Project Goods
|
5089.49
|
Computer Hardware, Peripherals
|
4318.98
|
Computer Hardware, Peripherals
|
4214.17
|
|
Computer Hardware, Peripherals
|
3893.95
|
Project Goods
|
3704.95
|
Indl. Machnry For Dairy Etc
|
2269.93
|
|
Fertilizers Manufactured
|
2587.26
|
Fertilizers Manufactured
|
2997.02
|
Project Goods
|
2122.40
|
|
Indl. Machnry For Dairy Etc
|
2487.71
|
Indl. Machnry For Dairy Etc
|
2338.01
|
Bulk Drugs, Drug Intermediates
|
2000.08
|
|
Electric Machinery And Equipment
|
2049.24
|
Consumer Electronics
|
2096.49
|
Organic Chemicals
|
1985.37
|
|
Bulk Drugs, Drug Intermediates
|
1828.69
|
Bulk Drugs, Drug Intermediates
|
2009.88
|
Fertilizers Manufactured
|
1920.38
|
|
Iron And Steel
|
1819.01
|
Electric Machinery And Equipment
|
1894.79
|
Electronics Components
|
1915.25
|
|
Electronics Components
|
1771.56
|
Organic Chemicals
|
1839.39
|
Consumer Electronics
|
1726.68
|
|
Consumer Electronics
|
1753.98
|
Electronics Instruments
|
1730.43
|
Electric Machinery And Equipment
|
1726.37
|
|
Other Commodities
|
24583.55
|
|
22927.76
|
|
24087.55
|
The information was
given by the Minister of State (Independent Charge) in the Ministry of Commerce
& Industry Smt. Nirmala Sitharaman in a written reply in Rajya Sabha today.
******
DS