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FICCI team to visit Beijing, Shanghai

By Our Special Correspondent

NEW DELHI JUNE 15. With a view to iron out critical issues constraining trade between India and China and to identify niche areas for enhancing business relations with Chinese industry, a 25-member FICCI delegation would visit Beijing and Shanghai from June 22.

The team's visit to China will coincide with that of the Prime Minister, Atal Behari Vajpayee. In its Joint Business Council meeting with China Council for Promotion of International Trade (CCPIT), the delegation would discuss the problems in negotiating Letters of Credit due to weak banking links as this could affect steel exports to China.

It would also identify causes for slow progress of the bilateral protocol on exports of mangoes and other fruits, possibility of exchanging tariff lines under the Bangkok Agreement in thrust sectors of mutual interest, a FICCI said in a release.

The delegation, including Sudhir Jalan of the SICPA India, K. K. Modi of Modi Enterprises, Anirudh Dhoot of Videocon International, Ravi Ruia of Essar and V. Rajanna of Tata Information Technology, would sign an MoU with the Chinese Academy of International Trade and Economic Cooperation to document perspectives of leading opinion makers with regard to the future of Indo-Chinese economic cooperation.

FICCI and CCPIT would jointly publish an India-China business guidebook to facilitate business ties. Sectors such as shipping and ports, tobacco and gems and jewellery would also be duly represented on the delegation.

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