After Russia, China Opens Market For Indian Goods Amid Sanctions By United States | India News
A day after Russia announced a 5 per cent discount on oil and assured trade with India, Chinese Ambassador to India Xu Feihong on Thursday said that China welcomes all Indian commodities to enter the Chinese market. Feihong also opposed the US-imposed tariff of up to 50 per ecnt on India.
Feihong added that China is willing to work with India to enhance the development of strategies. He said, “…China and India should enhance strategic mutual trust, and avoid mutual suspicion. Both countries are partners, not rivals. We should manage differences through dialogue…”
India-China Frindship Impact On Asia
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China’s ambassador also added that China and India’s friendship benefits Asia, and the two neighbouring countries with such size, unity and cooperation are the only way to achieve common development..
“We are the double engines of economic growth in Asia…India and China unity benefits the world at large..India and China have the responsibility to take the lead in promoting an equal and orderly multipolar world,” he added.
(Read More:Â ‘Perplexed By Logic’: Jaishankar Slams US Tariffs, Defends India’s Oil Trades With Russia)
Russia-India Trade
Russia will continue supplying oil to India and has announced a possible 5 per cent discount, Deputy Trade Representative to India Evgeniy Griva said on Wednesday.
During a joint press conference with Roman Babushkin, Griva remarked that despite the pressure on Russia and its economy, there is an increase in cooperation, especially in the financial sphere when it comes to the Rupee-Ruble payments between India and Russia and highlighted that despite the blackmail, the cooperation in the financial sphere is safe.
Evgeniy Griva said, “We see that after such pressure, we see an increase in cooperation, and especially in the financial sphere, for example, because payments in ruble-rupee became safer when you can expect that there would be some blackmailing. So just the trend is that more pressure, more cooperation.”
