China may allow access to more Indian commodities in the near term

By Ritwik Sinha

Against the backdrop of the bruising US-China trade spat, Indian exporters are hopeful that Beijing will allow direct access to Indian commodities and products soon.

China, one of India’s biggest bilateral trade partners,  is currently engaged in a bitter tariff war with the Trump administration, forcing it to redraw its international trade strategy.

This is likely to benefit India which has been seeking direct access for more products and commodities, according to Mohit Singla, Chairman, Trade Promotion Council of India (TPCI).

“We expect China will soon open up its market for Indian meat, black tea and vegan products. Both sides are also talking for access of fish oil, rapeseeds and soybean products from India. Following pressure from the West especially the US, China is looking at ways to consolidate its trading relationship with other economies,” Singla told in an interview.

China’s growing liberal attitude for Indian products emerged last year when it gave the nod to import non-basmati rice from 24 mills. Currently, Indian products like meat are finding their way to China through Vietnam and other countries. But Indian producers and exporters are pressing for direct access which will make them more price competitive.

At around $90 billion annual trade, China is the biggest bilateral trade partner of India. US occupies the second rank with an estimated $85 billion.

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