Trade Agreements Between India And China
In view of Article IX of the trade agreement between the Republic of India and the People`s Republic of China, concluded on 14 October 1954, and the recent discussions on trade promotion between the two countries, I am honoured to say that both sides have agreed that this trade agreement will end in the letter exchanged on 25 May. , 1957, remains valid until December 31, 1959. Both sides, who wish to take all appropriate measures to develop trade between the two countries, agree to consider in their entirety all proposals to promote trade. Between 1405 and 1433, the Ming dynasty sponsored China a series of seven naval expeditions under the direction of Admiral Zheng He. Zheng He visited many Indian kingdoms and ports, including India, Bengal and Ceylon, the Persian Gulf, Arabia, and expeditions to Malindi, in present-day Kenya. During his travels, Zheng generously distributed Chinese gifts of silk, porcelain and other goods. In exchange, he received rich and unusual gifts, including African zebras and giraffes. Zheng Il and his company paid tribute to local deities and customs, and in Ceylon they erected a monument (Bile Trilingual Inscription) in honor of Buddha, Allah and Vishnu. Bengal sent twelve diplomatic representations to Nanjing between 1405 and 1439.  We used two popular competitiveness measures (i) Balassas Revealed Comparative Advantage (RCA) 6 and (ii) Trade Intensity to identify product groups in which bilateral trade between India and China does not conform to trade between India and China in this product category. Such discrepancies could be due to tariff or non-tariff barriers that could be eliminated by a free trade agreement. We did this double-digit analysis of harmonized system codes (SH).
In the recent past, China and India have followed free trade agreements with a large number of countries, particularly in Asia. However, no progress has been made in signing a free trade agreement between India and China, two of Asia`s largest and fastest economies. Indeed, the Indian industry has repeatedly been cautious about a possible free trade agreement with China (3). In this context, it is important to analyze and, if possible, quantify the potential impact of a free trade agreement with China, as well as to identify specific areas where removing trade barriers could generate mutual benefits. The Government of the Republic of India and the Central Government of the People`s Republic of China, driven by a common desire to develop trade between the two countries and further strengthen the friendship that already exists between the governments and peoples of India and China, have reached an agreement on the basis of equality and mutual benefits. , as follows 33Asts software have become famous and are attracting attention in most debates on trade between China and India. Given the high labour intensity of their economies, both sides must be extremely innovative in maintaining the current boom in their trade relations.