China extends support to Indian traders

New Delhi: China has decided to issue 'Express Visas' to Indian businessmen with an aim of promoting trade between the two countries.

'Express Visas' would be issued to Indian businessmen recommended by the India-China Business Alliance (ICBA) launched by the Assocham and the Embassy of China.

"The India-China Business Alliance is one initiative that would result in removing the existing artificial trade barriers in the growth of business volumes between India and China," Ambassador of China to India Sun Yuxi was quoted by PTI.

Express Visas would be issued to businessmen who intend to set up their manufacturing and export oriented units in China in close technical and non-technical cooperation with their Chinese counterparts, he said.

The bilateral retail trade was likely to exceed over $50 billion from the current level of around $20 billion in the next few years, the Ambassador added.

With PTI inputs