Home / Knowledge / News / Textiles / Bilateral trade with China to exceed set targets
Bilateral trade with China to exceed set targets
26
Mar '08
India and China which are recognized as two of the fastest growing economies in the world are likely to achieve a bilateral trade target of US $60 billion by 2010.

With regard to this, the Government of China has promised to lend full support for achieving the target which is showing a yearly increase of around 50 percent.

Experts believe that it is one of the most unique opportunities for both the countries to strengthen their respective economies and collaborate for the attainment of mutual benefits.

Although the Government of the two countries has set a time-frame of three years for achieving the target, the Federation of Indian Micro and Small and Medium Enterprises (FISME) indicates that it would exceed the limit and touch $100 billion by 2010.

However, the Associated Chambers of Commerce and Industry of India (Assocham) suggests that the Government must stay very alert before signing a free trade agreement (FTA) with China since it is likely to flood Indian markets with its price-competitive goods.

Besides, the chamber also believe that the Government must take a thorough consultation with various departments and wait for at least five years before finalizing any agreement with China.

On the other hand a study conducted by FISME recognized nearly 100 products that can be exported to China most of which comprise textiles, apparels, leather and chemicals.

Must ReadView All

Textiles | On 28th Apr 2017

Fix 5% GST rate for textile goods: Textile bodies

Uniform levy of 5 per cent Goods and Services Tax (GST) on all...

Textiles | On 28th Apr 2017

India lifts CVD imposed on Nepali Jute goods

The countervailing duty (CVD) that was imposed on Nepali jute...

Courtesy: Williamsburg Garment Company

Fashion | On 28th Apr 2017

'We have grown by staying small & maximising efforts'

The easiest way to go out of business is to be too big or expand too...

Interviews View All

Shawn Honeycutt
Bolger & O'Hearn

‘The Indian market is interesting and rather persistent in seeking new...

Yashiki Gumber
Sahiba Fabrics

Fabric does not restrict us from fashion trends

Cyril Pereira
Reed Exhibitions India, organiser of Asian Machine Tool Exhibition 2016

'Major problem in the textile machinery manufacturing industry is the lack ...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
April 2017

April 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search



X