Trade deficit with China matter of concern: India

On Board PM’s Aircraft: Ahead of the meeting between Prime Minister Manmohan Singh and Chinese President Hu Jintao, India today said trade imbalance in favour of China was a matter of concern and India had sought greater market access to bridge it.
The issue is expected to come up during the talks between Singh and Hu tomorrow in the Chinese resort of Sanya on the sidelines of Brazil-Russia-India-China-South Africa (BRICS) Summit.
“Trade imbalance with China has been a matter of concern.
It has been discussed at the highest level when the Prime Minister met Chinese President in Hanoi in October last,” Commerce and Industry Minister Anand Sharma told journalists accompanying the Prime Minister.
He noted that the trade imbalance in favour of China had gone up to USD 20 billion in the overall bilateral trade of USD 55 billion as of December 2010.