After a meeting held between Commerce Secretary of both India and China, the two countries signed a protocol for exporting of Indian Chilli Meal from India to China. This was 4th protocol signed between India and China from 2018 (and overall 9th protocol in number) that allows export of farm commodities from India to China.
The meeting was held between India’s Commerce Secretary Anup Wadhawan and China’s General Administration of Customs of China (GACC) Vice Minister Li Guo, in New Delhi. Both countries agreed to resolve their market access issues expeditiously in order to promote more balanced trade.
China is India’s second-biggest trading partner but since 2014 the trade deficit has widened in favor of China by nearly 75% which is about $63 billion worth of goods imported from China (while India exported only $15.07 billion worth of goods to China).