Exterior elements unlikely to disrupt India-China commerce as each again multilateral commerce, says Consul Common Qin Jie – The Occasions of India – Company Technique & Outlook

India-China commerce is unlikely to be influenced by exterior geopolitical or financial developments, as each international locations are giant economies that assist multilateralism and world commerce frameworks, China’s Consul Common in Mumbai Qin Jie stated on Saturday.Chatting with PTI on the sidelines of the Worldwide Enterprise Conclave at Benefit Vidarbha 2026 in Nagpur, the diplomat stated bilateral financial engagement between the 2 neighbours has robust structural foundations.

When requested how India-China commerce might evolve amid India’s latest commerce agreements with different world companions, he stated exterior developments are unlikely to have a serious impression.“As a result of India is a really huge economic system and China can also be a really giant economic system. We’re international locations that each assist multilateralism and multilateral commerce and multicultural alternate,” he stated.On India’s commerce engagements with the US and the European Union, Qin Jie stated India is sovereign in shaping its exterior partnerships however emphasised the necessity for continued bilateral cooperation between India and China.“India is free to resolve its relations with the EU or different elements of the world… However for India and China, we should always proceed cooperation, strengthen ties, and preserve communication in lots of fields,” he stated.Responding to a query on whether or not India ought to revisit Press Notice 3 issued in 2020, which mandates prior authorities approval for international direct funding from international locations sharing land borders with India, Qin Jie stated he had seen studies indicating that India might already be reviewing the coverage.“I believe it’s a very optimistic and good transfer as a result of we’d like our traders, our (China-India) enterprise and communities to come back collectively, and we’d like numerous cooperation in numerous fields like cultural, schooling and creative communication,” he stated.The Chinese language Consulate Common additionally stated China is trying ahead to stronger mutual engagement, elevated two-way exchanges and deeper people-to-people ties with India.On the ‘China Plus One’ technique, underneath which world companies diversify provide chains past China, Qin Jie stated India and China ought to concentrate on complementary strengths fairly than aggressive positioning.“We should always have a look at how we are able to work collectively, fairly than on who replaces whom,” he stated, noting China’s manufacturing strengths and India’s capabilities in software program and providers.The China Plus One technique broadly refers to corporations increasing manufacturing or sourcing past China to diversify provide chain dangers.