China's trade barriers remain a hurdle to closer bilateral ties: Sitharaman

Finance Minister Sitharaman stated that Chinese non-tariff barriers are restricting Indian exports of vegetables, beef, and generic drugs. According to Business Standard IN, these barriers are complicating efforts to improve bilateral relations and strengthen trade.

At the Bloomberg New Economy Forum in New Delhi, officials from Canada and Singapore expressed continued commitment to strengthening trade ties with China despite global fragmentation. Canada’s minister of international trade, Maninder Sidhu, noted that China is Canada's second-largest trading partner and identified opportunities for cooperation in technology and agriculture, specifically regarding China's energy storage technologies and Canadian exports of beef and canola.

Singapore’s Deputy Prime Minister and minister for trade and industry, Gan Kim Yong, stated that it is important for countries to continue engaging with one another as geopolitical tensions increasingly divide the global economy.

Brief written by urgent.news from Business Standard IN, Qatar Tribune Business — 2 reports on this story. Machine-written — may contain errors; check the original before relying on it.