19-April-2024
Economy News
 
India, China could explore measures to boost trade hit by Covid-19
04-Apr-2020

India and China are expected to discuss steps and explore measuresof boosting bilateral trade which has been significantly impacted by the coronavirus outbreak. China is a major market for Indian products including seafood, petrochemicals, gems and jewellery, but India’s export of these products to its neighbor has been impacted by the virus outbreak. According to Chinese official data, trade between the two countries in January and February of 2020 was down 12.4% year-on-year. This was also the time when the coronavirus epidemic in China was peaking. China's exports to India during this period stood at 67.1 billion yuan, down 12.6% y-o-y, while imports from India dropped 11.6% to 18 billion yuan.

News Source:- https://economictimes.indiatimes.com/news/economy/foreign-trade/india-china-could-explore-measures-to-boost-trade-hit-by-covid-19/articleshow/74977563.cms