India, China will cross $30 Bn trade this year

India, China will cross $30 Bn trade this year

Wednesday, 14 November 2007, 08:00 Hrs
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New Delhi: India and China are set to surpass $30 billion in bilateral trade this year, Chinese ambassador Sun Yuxi said here Wednesday.

"Bilateral trade has already crossed $27 billion. We will easily cross $30 billion trade this year," he told reporters while stressing that the two countries would achieve the 2010 target of $40 billion much before that date.

The Chinese envoy, however, sounded ambivalent about Beijing's position on the India-US nuclear deal in the 45-nation Nuclear Suppliers Group (NSG).

"Let's see the changes in India first," he replied, when asked whether there was any change in Beijing's stance on the nuclear deal. He was referring to problems the landmark nuclear deal has run into in India due to a standoff between the Indian government and its Left allies.

China, an influential member of the NSG, has been noncommittal towards supporting India in the grouping but has indicated that it will not stand in the way of New Delhi's way when the deal comes to the nuclear grouping for approval.

He was equally ambivalent about China's stand on India's bid for an expanded Security Council seat. "We want India to play a larger role in the world," was all that he would say.

The envoy did not comment on the progress on talks on resolving the boundary dispute between India and China.
Source: IANS
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