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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum

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Dec 5 4:00 PM EST

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To: TobagoJack who wrote (11206)	11/7/2006 11:10:46 AM
From: elmatador	Read Replies (2) of 218200

China wants trade pact with India. Delhi would have to grant "market economy" status to China, something that most of the developed countries have so far refused to do China wants trade pact with India..Saibal Dasgupta [ 7 Nov, 2006 0241hrs BEIJING: China is pushing India to sign a free trade agreement between the two countries. This would mean New Delhi would have to grant "market economy" status to China, something that most of the developed countries have so far refused to do. The matter is expected to come up for discussion during Chinese president Hu Jintao's visit to India from November 20. "Following the reopening of the trade post on the Indian-Chinese border, our government is considering FTA talks with India," Chinese assistant minister of commerce Fu Ziying said at a recent meeting of the 2007 China Industrial Development Forum in Beijing. The two countries recently reopened cross-border trade at the Himalayan Nathu La Pass last July, 44 years after trade ended in the wake of a short border war between them. India has filed the largest number of patent violation cases against Chinese companies at the World Trade Organisation. Chinese leaders feel that the main reason for this is that New Delhi refuses to recognise China as a free market economy. However, most western countries have taken the same stand saying that China subsidies its exportable products and cannot be regarded as a free market economy. Beijing managed to persuade four African nations to grant China the status of free market economy following announcements by president Hu Jintao of large-scale assistance to the African continent.

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