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Home Banking & Finance

India to export fish products to China

Fiinews by Fiinews
November 29, 2018
in Banking & Finance, Economy, Exports, Manufacturing
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Hygiene and Inspection Protocol signed

 

 

 

India has signed a protocol on Hygiene and Inspection requirements for the export of Fish Meal and Fish Oil to China in Delhi on 28 Nov 2018.

The Protocol formalises the consensus reached by both sides on hygiene and inspection requirements of fish meal and fish oil to be exported from India to China.

It will enable exports of the two products.

China imports US$143.29 million of fish oil and US$263.43 million of fish meal a year.

This is the second batch of products to get export clearance from China in the last six months, said the Commerce and Industry Ministry on 28 Nov 2018.

The protocol for Indian rice export to China was signed a few months ago in Wuhan.

The Vice Minister, General Administration of Customs of China (GACC), Hu Wei, led a six-member delegation to Delhi to discuss various issues of market access for different products like milk and milk products, agricultural products like soy meal, fruits and vegetables, tobacco and pharmaceutical products for which India has been seeking market access from China.

Departments of Animal Husbandry, Dairying and Fisheries, Agriculture Cooperation and Farmers Welfare and Health and Family Welfare and associated agencies participated in the Delhi meeting.

The meeting was coordinated by the Department of Commerce.

Both the Indian and Chinese sides appreciated each other’s concerns and agreed to resolve the market access issues expeditiously to achieve the vision of the leaders of both the countries by promoting a more balanced trade. fiinews.com

Tags: Ministry of Commerce and Industry
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