India and China have had trade relations for over 2000 years, though boundary conflicts have affected trade. Formal trade relations were established in 1950 and have grown significantly, with China becoming India's largest trading partner in 2008 with over $50 billion in bilateral trade. Major Indian exports to China include cotton, copper, and ores, while major imports from China are organic chemicals, nuclear reactors and machinery, and electrical equipment. Both governments are taking steps to help exporters and address issues like language barriers and quality standards to further strengthen trade relations and achieve their goal of $100 billion in bilateral trade by 2015.

1. SINO-INDIAN TRADERELATION
Name: Kunal Kumar
Roll No: 14
PGDM 2nd SEM
History of Indian Trade Relations

2. INTRODUCTION
• India China Trade Relation
• Also known as sino-indian relations
• Two most populous and fastest growing economy
• Trade relations for over more than 2000 years
• However there are many boundary conflicts affecting this
trade

3. BACKGROUND
• 1949: Government of India extends recognition to the People's Republic of China
• 1950: India becomes the first non socialist country to establish trade relation with
PRC
• 1954: Trade agreement between PRC and India signed in NewDelhi
• 1976: India China trade relation restore relations after fifteen years gap
• 1988: Indian Prime Minister Rajiv Gandhi pays an official visit to China to
establish a joint working group on boundary question
• 1994: Double Taxation avoidance agreement signed
• 2006: Indian Defense Minister signed a memorandum of understanding on
defense exchange and cooperation
• 2008: Bilateral trade breaks $50 billion mark and China becomes India's largest
trading partner in goods.
• 2010: 60th anniversary of bilateral relations commemorated through "Festival of
India in China" and "Festival of China in India"

4. OBJECTIVE OF STUDY
1. Major Sectors that India Exports to China.
2. Major Sectors that India Imports From China.

5. Major Sectors that India Exports to China
1. Cotton
2. Copper and Articlesthereof
3. Ores, Slag andAsh

6. Major Sectors that India Imports from China
1. Organic Chemicals.
2. Nuclear Reactors, Boilers, Machinery and Mechanical
Appliances; Parts Thereof.
3. Electrical machinery and Equipment and Parts Thereof;
Sound Recorders and Reproducers, Television Image
and Sound Recorders and Reproducers, and Parts.

7. BY GOVERNMENT TO HELPEXPORTERS
• Market assess to sector such as IT and Pharmacy
• Stress on promoting mutual co-operation in energy
efficiency and environmental protection
• Cut in freight charges
• Indian handicrafts are seeing a huge market in China
• Indo-China border trade

8. Problems faced by exporters
• Language Constraint
• Price Competitiveness
• Quality Standard Barriers
• what is needed is to become partners, instead of rivals

9. Future Initiatives to be taken
• Language barrier must be addressed
• Pre-shipment inspection agreement to reduce Non-Tariff
barrier
• China should welcome Indian companies to explore
• Both the countries have already agreed to push the
bilateral trade to USD 100 billion mark by 2015
• what is needed is to become partners, instead of
rivals.