Mumbai: Bilateral trade between China and India
would touch 20 billion dollars in the current year and
is set to touch $30 billion by the year 2008, Chinese
Ambassador Sun Yuxi told a trade cooperation conference
organised by FICCI.
year, we had drawn a five-year-plan for economic and
trade cooperation. We had set a target of achieving
bilateral trade volume of $20 billion by 2008,"
he pointed out, adding that going by the present trend,
the trade is expected to touch $20 billion this year
itself - two years ahead of the target.
this pace, bilateral trade between the two countries
will be around $30 billion by the end of 2008 and by
the end of 2010, this is expected to touch $50 billion
against the earlier target of $30 billion, he said.
he said, compared to Indian presence in China, Chinese
representation is comparatively low in India, with just
15 Chinese companies having their presence in the country.
and China also signed seven agreements, including an
MoU between Ficci and China Council for Promotion of