Press "Enter" to skip to content

India Inks Protocol With China to Start Tobacco Export

These developments assumes significance as India wants to increase exports to China with a view to bridging the ballooning trade deficit, which has increased to USD 63.12 billion in 2017-18 from USD 51.08 billion in the previous fiscal.

Image for representation only (File Photo: Reuters)

Loading…

New Delhi: India may soon start exporting tobacco to China as both the countries have signed a protocol for the same, the department of commerce said Monday.

“India and China signed the Protocol of phytosanitary requirements for the export of tobacco leaves from India to China. This has paved the way for the export of Indian tobacco to China, strengthening India-China trade relations,” the department said in a tweet.

Commerce Secretary Anup Wadhawan met Zhang Jiwan, Vice Minister of General Administration of Customs of China, Monday and discussed various issues related to market access for Indian agri-commodities and the ways to resolve them.

China has last year allowed imports of non-basmati rice from India. China is a major rice market in the world.
These developments assumes significance as India wants to increase exports to China with a view to bridging the ballooning trade deficit, which has increased to USD 63.12 billion in 2017-18 from USD 51.08 billion in the previous fiscal.

Catch the biggest newsmakers and the biggest newsbreaks on CNN-News18, the only news destination. Keep watching CNN-News18 at just 50 paise per month. Contact your cable/DTH operator now!

*Rental/capacity fee of Rs. 130/- as charged by cable/DTH operator may apply. **GST extra.

Source: News18