In his recently concluded visit to India, Chinese Premier Li Keqiang focused on developing stronger bilateral relations in trade and economics. Trade between the two economies has grown rapidly in the last few years, with bilateral trade pegged at $66 billion in 2012 and a target of $100 billion by 2015. However, India faces a trade deficit of $40 billion. How can Indian businesses overcome challenges to gain better access to the Chinese market? Additionally, India and China are currently discussing the possibility of a Regional Trade Agreement. What are the potential benefits and obstacles in finding a common ground for such an agreement? Moving forward, how can the countries address issues of mutual trust?
On June 10, Gateway House hosted Dr. Liu Youfa, the Consul General at the Consulate of the People’s Republic of China in Mumbai, and Ashishkumar Chauhan, Managing Director and CEO, Bombay Stock Exchange Ltd. to discuss business linkages between the two countries and the potential for building on people-to-people relations.
Dr. Liu Youfa currently is the Consul General at the Consulate of the People’s Republic of China (PRC) in Mumbai. Before taking up his current assignment, from 2009 to 2013, he was Vice President of China Institute of International Studies. He has previously held the position of Counselor to the Ministry of Foreign Affairs (MFA) (2007-2009), the PRC Embassy in the United States (2003-2007), the PRC Embassy in Ethiopia (2001-2003), and the PRC Embassy in Tanzania (1999-2001).
Ashishkumar Chauhan is Managing Director and CEO, Bombay Stock Exchange Ltd. He serves on the Board of ICCL, CDSL, BOISL, BSE Training Institute and Marketplace Technologies Limited, and is a member of the Board of Governors of IIIT Jabalpur. He serves on government and regulatory committees such as CBDT and SEBI, among others.
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