India and China look at broader trade links
New Delhi: Nearly a hundred Chinese enterprises are currently displaying their goods at the 2004 South China Commodity Exhibition in Mumbai ranging from textile and toy companies to home appliances and generator manufacturers. The exhibition hopes to pave the way for better trade links between the two Asian giants.

Indo-China bilateral trade in 2003 was $12.6 billion. The first nine months of 2004 has seen trade at $9.8 billion, which is already 8.8 per cent higher than the corresponding period of 2003. Currently trade between the two nations is in favour of India by $1.7 billion. China's imports into India have grown from 16th place in '99 to 3rd place in 2002-03.

Even though bilateral trade between India and China is soaring, a lack of knowledge about the Indian market has prevented many Chinese companies from doing big business in India. For most Chinese manufacturers, Europe and the US have always been their main markets. But as their understanding of India increases, they see a great potential in their neighbour and are eager to exploit that.
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