If India and China take vital steps for commercial ties, it can increase bilateral trade from current $17.6 billion to the targeted $30 billion by 2009.
India's exports to China are limited to primary and resource-based products while China's exports to India are restricted to manufactured items, low and medium technology products and resource-based products.
India can increase its exports to China in the leather sector, diamond jewellery, decoration and furnishing industry, sea food export and the textile sector.
India can even capitalize on the growing demand for iron ore, plastic & linoleum in China because of the boom in housing and construction industry.
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