CII, Chinese delegation meet
By Our Economy Bureau | 15 Jan 2002
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T K Bhaumik, senior advisor (trade policy), CII, in a presentation on India and China: Engaging Each Other, suggested that CII and CCPIT should form an industry-level joint working group on trade and investment, a sectoral coordination committees to build sectoral synergies between the two countries and, then in near future, head for a preferential trade agreement.
Emphasising Indias stand on the WTO, Bhaumik said India is for strengthening multilateralism, free-and-fair trade environment, a greater market access, better implementation of WTO agreements and a total transparency in the functioning of the WTO. "India and China share many common concerns and hence should work together along with other countries to create a better and equitable WTO." He suggested setting up of a joint working group on the WTO.
Earlier, in his welcome remarks, Sunil Kant Munjal, chairman, CII economic affairs committee, and managing director, Hero Corporate Services, hoped that Rongjis visit and the accompanying business delegation to India will further the Indo-China relationship. "Coming in the wake of Chinas entry into the WTO, the Chinese premiers visit assumes an even greater importance."
Munjal said that for greater economic ties between the two countries, CII has recommended:
1. Setting up a joint working group in the fields of services, IT, environment, energy, agriculture and agro-processing industry, pharmaceuticals and the WTO.
2. A joint study of the regions of India and China for products and technology.
3. Promote opportunities for Sino-Indian cooperation in different cities of both the countries.
4. Organise Indian exhibitions in China.
5. Cooperate in areas of infrastructure development.