During the discussions leading to the conclusion of the trade agreement between the Government of the Republic of India and the Government of the People`s Republic of China, it was agreed that the intentions of both governments regarding Article VI and its implementation procedure should be recorded in the minutes through an exchange of letters. I am writing to confirm the receipt of your letter of May 25, 1957, which is worded as follows: (Not reproduced) I confirm that the above correctly establishes communication between us. In recent discussions on further development of trade between the People`s Republic of China and India, it was agreed that the Government of the People`s Republic of China would encourage Chinese state-owned trading companies to establish and strengthen contacts with the State Trading Corporation of India to the extent that it was implemented with the State Trading Corporation of India with respect to the Products. processed by the State Trading Corporation of India, is achievable. I appreciate your thanks for explaining the agreement we have reached in the above. In this scenario, we assume that China and India agree to fully open up their economies. However, for sensitive list items, rates are reduced to 5% and, for negative lists, applied rates are maintained. In total, bilateral trade increased by 15%, from $40 billion to $46 billion. However, India`s trade deficit increased by 18.18% to $26 billion. Figure 5 shows the results. (2) In the meantime, trade between the two countries will continue on the basis of an agreement between the importers and the exporters concerned.
Turkey has bilateral and multilateral agreements with: Trade between the Republic of India and the Tibet region of the People`s Republic of China will be carried out in accordance with the provisions of the agreement between the Republic of India and the People`s Republic of China on trade and transport between India and the Tibetan region of China , signed on April 29 in Beijing , 1954. Any economic union, customs and monetary union, as well as economic and monetary union is also a free trade area. International trade in India and China has grown strongly in recent years. However, Appendix 1 shows how China acts as much as 5 times more than India does. In addition, China has become an export-oriented economy, with a growth rate that exceeds that of its imports. India`s export growth is still lagging behind its import growth rates. This paper presents recent trends in trade between the PRC and India and empirically examines the likely effects of their preferential and free trade agreements using a gravity model in different static comparison scenarios.