The United States has announced to impose tariffs on China, which is coming into effect from April 2, on Wednesday. In such a situation, China has moved towards India to avoid tariffs. China has said that it will import the most products in India.
According to Beijing Ambassador to New Delhi, China said that it is ready to import more Indian products and increase business cooperation. This announcement has been made before the US tariff to implement on Wednesday. Both Asian neighboring 2020 are trying to rebuild their relationship after the India-China Border.
Chinese President Xi Jinping gave a message to Indian President Draupadi Murmu that China and India should cooperate more closely. In an interview to Global Times, Chinese Ambassador to India, Shoo Faihong, said, “We are willing to strengthen practical cooperation in trade and other sectors and to work with the Indian side to strengthen practical cooperation and import more Indian products for the Chinese market.”
What did the Chinese Ambassador say?
Shoo Faihong also welcomed the Indian business to find out opportunities in China (India-China Business) and share the benefits of China’s development. He hoped that India would create a fair and transparent business atmosphere for India China companies, so that it could be further enhanced by mutually beneficial cooperation.
There will be discussion for business soon
According to the Reuters report, in early January, India and China had agreed to resume direct air services after nearly five years, which aims to resolve differences on trade and economic issues. The incident took place after a meeting between India’s top diplomat Vikram Egyptian and Chinese Foreign Minister Wang Yi in Beijing. India’s Foreign Ministry said that the two sides will soon negotiate an outline to resume flights. China’s Foreign Ministry confirmed the resume to resume and emphasized the importance of mutual support and mutual achievement.
Growing business between India and China
The last financial year, bilateral trade between India and China increased by 4 percent to $ 118.40 billion, mainly involved Indian imports from China. India had banned Chinese investment in the country after the 2020 border struggle and have not yet removed these obstacles. Meanwhile, India is working on reducing tariffs to remove the concerns raised by US President Donald Trump, who criticized the country for tariff policies. Both countries have started discussion to secure an initial trade agreement and resolve their tariff controversies.