India relaxing ban on Chinese toy good sign, says Beijing

India's easing of a ban on Chinese toy imports has helped mellow Beijing, which on Wednesday described the step as a "concrete sign" that would help strengthen cooperation between the two countries.

NEW DELHI: India's easing of a ban on Chinese toy imports has helped mellow Beijing, which on Wednesday described the step as a "concrete sign" that would help strengthen cooperation between the two countries.

"We two sides support free trade...this (easing of ban) is a very concrete sign to show that China and India like to work together to tackle the financial crisis and to achieve common development," Chinese Ambassador to India Zhang Yan told reporters here at a CII function.

India on March 2 relaxed the January 23-ban by allowing import of Chinese toys that conform to international health safety standards.

Beijing had then asked New Delhi to "show prudence and restraint in using trade remedies in the face of the global economic situation, as it could pose a threat to bilateral trade."

The statement by the Chinese Ministry of Commerce came after Chinese Deputy Commerce Minister Zhong Shan met Indian Ambassador to China Nirupama Rao here on February 3 on the issue.

China's Ambassador today said that the two countries should work hand in hand in a cooperative manner, instead of resorting to protectionism.
Download
The Economic Times Business News App
for the Latest News in Business, Sensex, Stock Market Updates & More.
Download
The Economic Times News App
for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.
READ MORE
ADVERTISEMENT

LOGIN & CLAIM

50 TIMESPOINTS

More from our Partners

Loading next story
Business News › News › Economy › Foreign Trade › India relaxing ban on Chinese toy good sign, says Beijing
Text Size:AAA
Success
This article has been saved

*

+