FIEO: INDO- CHINA trade to reach US$ 60 bn by 2010

14 Oct '09

2 min read

Speaking at a symposium organised by China Council for Promotion of International Trade (CCPIT) and Consulate General of India in Guanzhou, China, which was attended by over 200 delegates from 30 countries, Mr A. Sakthivel, President, Federation of Indian Export Organisations (FIEO) said that there has been marked improvement in the relationship between two Asian Giants who will be instrumental in steering the world economy out of the present crisis. President, FIEO said that we are on our course to raise the bilateral trade to US$ 60 billion by 2010.

Though China is the third largest receiver of Indian exports but its share in India's exports has declined from 6.65% in 2007-08 to 5.08% in 2008-09.Therefore, there is an urgent need to diversify India's exports to China and more importantly aggressively market it. President, FIEO said that people of China are favourably disposed to Indians and well as Indian products which provide ideal platform for increasing bilateral trade and investment.

President, FIEO is leading 110 member-delegation of Indian businessmen which is participating in China Import and Export Fair (CANTON Fair) which is starting from tomorrow. FIEO India Pavilion would showcase India's strength in wide range of products like machinery & equipment, vehicle & spare parts, electronics, IT products & household electrical appliances, lamps & light fixtures, hardware & tools, building materials, raw materials, textile materials, consumer goods, decorations items, jewellery items, furniture, toys, clocks, watches, sports goods, office supplies, horticulture products, household items, cases & bags, crafts items, festival & party decorations, foods and agriculture products.

Federation of Indian Export Organisations

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