New Delhi: The Engineering Export Promotion Council (EEPC) has signed a memorandum of understanding with the China Chambers of Commerce for import and export of machinery and electronic products, besides covering exchange of trade- related information and setting up a trade dispute settlement mechanism.

The MoU was signed recently during the visit of a high-level trade delegation from EEPC to China. To further enter the Chinese market, EEPC has decide to set up a dedicated desk for China to exchange information and undertake sector-specific studies mainly to ascertain the market of various products there.

The EEPC further said that goaded by the government of India's 'Look East Policy' and 'Focus Asean', the council has already managed to generate serious business enquires amounting to $4 million during the recently held engineering exhibition 'Indiatech' in Jakarta. Nearly 100 large, medium and small engineering firms across all sectors including agricultural implements, forgings, cotton ginning machinery, cast iron and stainless steel castings, auto components, auto parts, industrial bearings, pumps, electric power tools, IC engines and pumps, welding electrodes participated in the exhibition, he said.