India China Trade relations
India & China signed a Trade Agreement in 1984 which provided for Most favoured Nation status and later in 1994, the two countries signed an agreement to avoid double taxation. The bilateral trade crossed US$13.6 billion in 2004 from US$ 4.8 billion in 2002, reaching $18.7 billion in 2005. The India China trade relations have been further developed from 2006, with the initiation of the border trade between Tibet, an autonomous region of China, and India through Nathu La Pass, reopened after more than 40 years.
As of now , China is the largest trading partner of India, but there is huge deficit in terms of our exports to China as we are importing more.
India & China signed a Trade Agreement in 1984 which provided for Most favoured Nation status and later in 1994, the two countries signed an agreement to avoid double taxation. The bilateral trade crossed US$13.6 billion in 2004 from US$ 4.8 billion in 2002, reaching $18.7 billion in 2005. The India China trade relations have been further developed from 2006, with the initiation of the border trade between Tibet, an autonomous region of China, and India through Nathu La Pass, reopened after more than 40 years.
As of now , China is the largest trading partner of India, but there is huge deficit in terms of our exports to China as we are importing more.
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