CII, Chinese delegation meet
By Our Economy Bureau | 15 Jan 2002
1
New
Delhi: Chinese Premier Zhu Rongji will meet Indian
business leaders on 16 January in Mumbai. This will follow
the first meeting of the high-level business delegation
accompanying the premier held at the Confederation of Indian
Industry (CII) here on 14 January.
The
19-member-strong Chinese delegation is headed by Yu Xiaosong,
chairman of the China Council for the Promotion of International
Trade (CCPIT). Xiaosong, representing the Chinese delegation,
said CII and CCPIT must work together for the promotion
of business between the two countries. To initiate this,
he said, CCPIT is ready to take up CIIs offer to partner
in the India Engineering Trade Fair 2003.
Xiaosong
stressed the need for the two countries to work together
to realise the benefits of theWTO and exchange and learn
from each others experiences of economic reforms. In a
promising start to the Chinese business delegations visit
to India, Wang Jinzhen, director-general, international
relations department, CCPIT, echoed Xiaosongs views and
said: "CCPIT agrees to work with CII on the joint working
group on trade and investment."
T K Bhaumik, senior advisor (trade policy), CII, in a presentation on India and China: Engaging Each Other, suggested that CII and CCPIT should form an industry-level joint working group on trade and investment, a sectoral coordination committees to build sectoral synergies between the two countries and, then in near future, head for a preferential trade agreement.
Emphasising Indias stand on the WTO, Bhaumik said India is for strengthening multilateralism, free-and-fair trade environment, a greater market access, better implementation of WTO agreements and a total transparency in the functioning of the WTO. "India and China share many common concerns and hence should work together along with other countries to create a better and equitable WTO." He suggested setting up of a joint working group on the WTO.
Earlier, in his welcome remarks, Sunil Kant Munjal, chairman, CII economic affairs committee, and managing director, Hero Corporate Services, hoped that Rongjis visit and the accompanying business delegation to India will further the Indo-China relationship. "Coming in the wake of Chinas entry into the WTO, the Chinese premiers visit assumes an even greater importance."
Munjal said that for greater economic ties between the two countries, CII has recommended:
1. Setting up a joint working group in the fields of services, IT, environment, energy, agriculture and agro-processing industry, pharmaceuticals and the WTO.
2. A joint study of the regions of India and China for products and technology.
3. Promote opportunities for Sino-Indian cooperation in different cities of both the countries.
4. Organise Indian exhibitions in China.
5. Cooperate in areas of infrastructure development.
The
19-member-strong Chinese delegation is headed by Yu Xiaosong,
chairman of the China Council for the Promotion of International
Trade (CCPIT). Xiaosong, representing the Chinese delegation,
said CII and CCPIT must work together for the promotion
of business between the two countries. To initiate this,
he said, CCPIT is ready to take up CIIs offer to partner
in the India Engineering Trade Fair 2003.Xiaosong
stressed the need for the two countries to work together
to realise the benefits of theWTO and exchange and learn
from each others experiences of economic reforms. In a
promising start to the Chinese business delegations visit
to India, Wang Jinzhen, director-general, international
relations department, CCPIT, echoed Xiaosongs views and
said: "CCPIT agrees to work with CII on the joint working
group on trade and investment."T K Bhaumik, senior advisor (trade policy), CII, in a presentation on India and China: Engaging Each Other, suggested that CII and CCPIT should form an industry-level joint working group on trade and investment, a sectoral coordination committees to build sectoral synergies between the two countries and, then in near future, head for a preferential trade agreement.
Emphasising Indias stand on the WTO, Bhaumik said India is for strengthening multilateralism, free-and-fair trade environment, a greater market access, better implementation of WTO agreements and a total transparency in the functioning of the WTO. "India and China share many common concerns and hence should work together along with other countries to create a better and equitable WTO." He suggested setting up of a joint working group on the WTO.
Earlier, in his welcome remarks, Sunil Kant Munjal, chairman, CII economic affairs committee, and managing director, Hero Corporate Services, hoped that Rongjis visit and the accompanying business delegation to India will further the Indo-China relationship. "Coming in the wake of Chinas entry into the WTO, the Chinese premiers visit assumes an even greater importance."
Munjal said that for greater economic ties between the two countries, CII has recommended:
1. Setting up a joint working group in the fields of services, IT, environment, energy, agriculture and agro-processing industry, pharmaceuticals and the WTO.
2. A joint study of the regions of India and China for products and technology.
3. Promote opportunities for Sino-Indian cooperation in different cities of both the countries.
4. Organise Indian exhibitions in China.
5. Cooperate in areas of infrastructure development.
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