Current Affairs

India & China sign agreement to inspect fish meal and fish oil exports

India and China have signed a protocol on hygiene and inspection requirements for exports of fish meal and fish oil from India to China.
India & China sign agreement to inspect fish meal and fish oil exports
  • It was signed as part of discussions between India's Commerce Ministry and six-member Chinese delegation led by Vice Minister, General Administration of Customs of China, Hu Wei on easing market access for exports of various farm products held in New Delhi.

Highlights of the meeting:

  • Both Indian and Chinese sides appreciated each other's concerns and agreed to resolve market access issues expeditiously to achieve the vision of the leaders of both the countries by promoting a more balanced trade.
  • Chinese delegation also discussed issues regarding market access for Chinese products such as milk and milk products, agricultural goods like soy meal, fruits and vegetables, tobacco and pharmaceuticals.

What is the protocol on hygiene and inspection requirements?

  • This protocol for export of fish meal and fish oil from India to China is significant as India has been seeking market access for these items from China.
  • It will enable India to commence export of fish meal and fish oil to China.
  • China imports fish oil to the tune of USD 143.29 million per year and fish meal worth US $263.43 million.
  • It had so far not allowed these exports from India.
  • This is the second Indian product to get clearance from China in the last six months.
  • Earlier, during meeting of two countries in Wuhan, China protocol for Indian rice export to China was signed paving way for export of Indian rice to China.

Question:

Q. India and which country have signed a protocol on hygiene and inspection requirements for exports of fish meal and fish oil from India?
a. Japan
b. China
c. South Korea
d. Indonesia
India & China sign agreement to inspect fish meal and fish oil exports India & China sign agreement to inspect fish meal and fish oil exports Reviewed by Inderjeet Virdi on December 02, 2018 Rating: 5

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