Saturday, January 16, 2021

India-China To Strengthen Economic Relations Over “Tea and Biscuits”

India and China are in talks to expand its tea business by trading beverages across the border. India, the second-largest tea producing country, sees potential among Chinese customers to export tea to China which is the largest tea producing country in the world.

“We see the potential of exporting Indian tea to the Chinese market, and we also see the potential of exporting Chinese tea to India,” Indian Ambassador to China – Gautam Bambawale told the Global Times.

The leaders of the two countries met in April in China in hope to extend the bilateral ties. The Modi government is ramping up attempts to bring more food and agricultural products to China in a bid to condense the trade deficit between China and India.

Chinese customs data showed that on an annual footing, the Sino-Indian bilateral trade surged 15.4% from January –March in 2018. Shivang Ksera, an employee of Indian Kamrup Tea Co stated that during a tea promotion seminar held in Beijing that “The response from Chinese importers was very positive. I have talked to dozens of importers this afternoon, and they have shown a keen interest in our products”.

A representative from the Beijing Tea Chamber, Qin Ling said that “Indian tea producers and exporters are using the EU product standards. Some Chinese companies’ products are not up to the ark.”

“Youths of China are elated to try new things. As you see, coffee has made it big in China, and mixology tea beverages are emerging too,” he said. “Indian black tea is the main material to make mixology tea beverages.”

Bambawale said he is not worried about the sales of Indian tea in China. “There is big potential, and we want to exploit this potential. With the population of 2.4 billion people the market is big,” he said.

If New Delhi breaks through this opportunity to establish interconnection and further multiply trade with Beijing, it is definitely a win-win situation for each other, Zhao stated. China has agreed to purchase rice from 14 of the 19 registered Indian rice exporters, while the other five have been asked to improve their storage and isolation facilities so they can apply again, according to the report.

More News at EurAsian Times

Featured

Declassified Report Shows How US Wants To Co-Opt India Into Its Anti-China Strategy ‘For Next 50 Years’

The US has declassified a confidential report highlighting the importance of India in the Indo-Pacific and how Washington plans to decimate China in the...

Are Hypersonic Weapons Really ‘Super-Dupers’ And The Next Big Thing In The Global Arms Race?

Are hypersonic weapons really the next big thing in the global arms race? Two American scientists have busted the 'myth' surrounding hypersonic weapons that...

Greek Parliament Approves Rafale Fighter Jet Deal From France

The much-speculated deal between France and Greece for Rafale fighter jets is expected to be signed soon. The Greek lawmakers have given a nod...

Why Should Pakistan Be ‘Very Worried’ By India’s New Role At The UN Security Council?

India, which has begun its stint as a non-permanent member of the UN Security Council for 2021-22, will be chairing three key UN sanctions...

Indian Air Force Chief Compares LCA Tejas With Pakistani / Chinese JF-17 Thunder

Drawing a comparison between India's LCA Mk1A ‘Tejas’ and Pakistan's JF-17 fighters, Indian Air Chief Marshal RKS Bhadauria said that the Indian jets are...