Bilateral Trade Agreement Between India And China

Gradually, many new sectors – such as border trade or high-tech trade – are also being explored, while information technology and infrastructure development are already proving to be important areas for cooperation. 28 The evolution of the trade surplus may be another important indicator of the impact of nuclear tests on bilateral trade relations. From the early 1990s, when India had a trade surplus in 1992, 1993 and 1996, the trade surplus with China was recorded in 1994, 1995 and 1997. Indeed, according to experts, trade between China and India has even fluctuated during each year, with India generally recording a trade surplus in the first half of the year, while this trend has been reversed each time in China in recent months. For 1997, for example, in the first eight months of 1997, there was a trade surplus of $40 million in favour of India. Very suddenly, China`s exports grew faster, causing China to have a trade surplus of $53 million until November, falling to $36 million at the end of December.38 However, this trend was not observed in 1998, when the trade surplus with China peaked at $110 million, although this corrected in 1999. In 2007, China rejected an Indian administrator`s visa application in Arunachal Pradesh. Arunachal Pradesh being a territory of China, according to China, he would not need a visa to visit his own country. [58] Later in December 2007, China reversed its policy by granting a visa to Marpe Sora, a computer science professor born in Arunachal.

[59] [60] In January 2008, Prime Minister Manmohan Singh visited China to discuss trade, commerce, defense, the military, and various other topics. Both parties agree that all business transactions between the two countries will be carried out in accordance with the import, export and exchange rules, which are from time to time in force in their respective countries….