India-China Bilateral Trade has tremendous potential for growth : Consul General Zha Liyou

Partha Roy, Kolkata: China is back to normal after the pandemic and open for business declared His Excellency Mr. Zha Liyou Chinese Consul General in Kolkata. Consul General Zha Liyou was addressing a Special session on ” India- China Relations: Bilateral and Regional context ” organised by one of the oldest chamber of commerce in India, Calcutta Chamber of Commerce (established in 1830 )on Wednesday 15th June 2022 in Kolkata.

Addressing the members of the Calcutta Chamber of Commerce and members of the business community, Consul General Zha Liyou emphasised that there exists a great potential to expand bilateral trade between India and China in a post-Covid pandemic. He said that like India, China believes in universal values and is consistent with its values. Even during the pandemic trade between India and China continued and efforts were made to fulfil all commitments by China despite large-scale challenges, including the supply of emergency medical equipment like oxygen concentrators to West Bengal to make effort to save lives during the pandemic.

Zha Liyou emphasised that there is scope for an increase in bilateral trade between the eastern states of India & China in upcoming times. He mentioned one Chinese company has signed MOU during Bengal Business Global Summit 2022 to set up business in West Bengal. Zha Liyou mentioned four key points to boost trade between India and China.

Zha Liyou said “Trade and investment are mutually transferable, especially for both India and China who have both huge domestic markets and international markets. Consistent and continuous trade will follow more investment. ” Consul General said ” Foreign Direct Investment from China to India can increase manyfold if ease of doing business and investors friendly investment policies are developed by the state and central governments.