Amid trade war with US, China drops ban on Indian rapeseed oil meal


By Gaurav Sharma

Beijing, Oct 23 (IANS): Amid the bleeding trade war with the US, China has removed an over five-year-long ban on the import of Indian rapeseed oil meal.

China is the biggest consumer of oil meal of which rapeseed is a variant. Beijing has slapped additional tariffs on US oil meals in a full-blown trade war, looking to import from other countries.

"China has cleared the ban on Indian rapeseed meal. As long as Indian companies comply with Chinese regulations, they can export it," an Indian government official told IANS.

Beijing in 2012 had banned Indian imports, citing the presence of a particular pest in the crop.

The official said the issue has now been resolved.

Last month, a buyer-seller meet was organised by the Indian and Chinese governments in which Indian exporters made a strong pitch to resume rapeseed exports.

New Delhi's trade engagement with Beijing seems to be increasing as both sides have pledged to put ties back on track after last year's Doklam military stand-off.

In an ice-breaking meeting with Chinese President Xi Jinping at Wuhan in April, Prime Minister Narendra Modi had asked that Indian commodities be given more access to the Chinese market.

  

Top Stories


Leave a Comment

Title: Amid trade war with US, China drops ban on Indian rapeseed oil meal



You have 2000 characters left.

Disclaimer:

Please write your correct name and email address. Kindly do not post any personal, abusive, defamatory, infringing, obscene, indecent, discriminatory or unlawful or similar comments. Daijiworld.com will not be responsible for any defamatory message posted under this article.

Please note that sending false messages to insult, defame, intimidate, mislead or deceive people or to intentionally cause public disorder is punishable under law. It is obligatory on Daijiworld to provide the IP address and other details of senders of such comments, to the authority concerned upon request.

Hence, sending offensive comments using daijiworld will be purely at your own risk, and in no way will Daijiworld.com be held responsible.