India pitches for soybean exports to China amid USA trade spat

India pitches for soybean exports to China amid USA trade spat

Pitching these items to China, Niti Aayog vice-chairperson Rajiv Kumar said Beijing annually imports agricultural products worth billions of dollars but it had recently proposed duties on the two commodities usually imported from U.S. states such as Iowa.

After last year's standoff in Doka La, India and China have stepped up dialogue at various levels to reset the ties.

Reacting to India's Ambassador to China Gautam 's remarks, spokesperson Hua Chunying said, " (Doklam) belongs to China because we have historical conventions". "I was noticing that there are some tariffs you imposed on farmers' from Iowa and Ohio".

China had hit back with tariffs on a wide variety of agricultural products such as soybean, corn, beef, orange juice and tobacco which are expected to hit American farmers.

"The Indian side took this opportunity to express concerns regarding growing trade imbalance with China andhuge untapped potential of India's exports to China by addressing market access issues", an Indian embassy statement said. He said the "cyclical and synchronised recovery in the world economy" had been "marred and disrupted by some unseemly protectionist noises that are coming out of the Atlantic basin in North America and Europe".

That is where India could come in by exporting the items to China. "We could take the lead in identifying the clusters and make them a reality", he said.

Kumar also asked China to increase the number of working groups under the dialogue mechanism - now five groups focus on infrastructure, hi-tech, energy, resource conservation andpolicy coordination - to include pharmaceuticals and culture.

The tariff war between China and the United States may affect India negatively, NITI Aayog Vice Chairman Rajiv Kumar said in Beijing on Sunday, but refused to take sides. So if there can be liberalization of entertainment and if you can expand working groups from current five to two more: "one on culture which includes entertainment; the other one could be one on pharmaceuticals because we import a lot of your pharmaceuticals APIs".

Mr. Kumar acknowledged that India-China economic partnership was still a work in progress, but made it plain that New Delhi was committed "to work with China as an important anchor and driver of global growth". He also asked China to liberalise the visa regime for Indian businessmen following the pattern of India which is providing three months' multiple visas for Chinese traders. "It will help Indian investors who are very keen to come to China", he said.

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