Amid the ongoing trade war with the US, China has approved the import of🐲 Indian rapeseed oil meal after🧔 a five-year-long ban.
China had banned Indian imports, citing the presence of a particular pest in the crop iꦆn 2012 which has now been resolved.
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 cl꧅eared the ban on Indian rapeseed meal. As long as Indian companies comply with Chinese regulations, they can export it," aꦑn Indian government official told IANS.
Last month, a buyer-seller mee🐠t 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 wit𒀰h🌸 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.
Why Was Rapeseed Oil Meal Ban?
China had removed India from their importers' list🦂 in 2012 after th🦩ey found 0.5-1 parts per billion of malachite green in the batches exported by India.
The contamin💙ation supposedly occured from the green ink used in marking details on the consignment, according to a
Prashant Lokhande, Counsellor (Economic and Commerce) said that Indian oil meal was non-genetically modified and hence and was of very high in quality and demand🍸.
Amid US-China trade war, a business delegation had orgainsed a meeting w🌳ith Chinese oil meal importers in September 💛to reconsider the ban on import of oil.
In the past five months, India exported more than 1.1 million tonnes of oil meal to South Korea, V♚ietnam and Thailand, registering a growth of 21 per cent year on year., Lokhande said.
(With Inputs From Agencies)
