“The trade in service is also an important form of trade to enhance Comprehensive Bilateral Economic Cooperation. The service and knowledge trade between India and China has particularly significant potential for both in areas like biotechnology, IT, ITES, health, education, tourism and financial sector” he said.
Observing that it was imperative for the exporters and business houses to set up branches or representative offices in China to showcase products and liaise with the provincial and the Central Governments in China, Shri Menon urged the different product exporters to take advantage of various Government schemes like Market Development Assistance to visit potential markets in China so that they were better aware of the Chinese market and product requirements.
“Liaisoning with major multinational manufacturers with investment in China would help our exporters to know the import requirements and specifications for their operations in China. We need only to harness the healthy trend of growth by way of continuous interaction through exchange of delegations, enhancing participation in each other's trade fairs and seminars and encouraging our trade through positive initiatives” he said.
Press Information Bureau - India
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