beijing indias exports of marine products to china tripled in the last nine months touching 800 million and is expected to cross the one billion mark this year according to an official statementthe big push of marine exports to china were part of indias efforts to widen its export base to bridge huge trade deficit with the worlds second largest economy which last year climbed to 57 billionthe indian embassy in beijing along with marine products export development authority mpeda organised a promotional event and buyer seller meet on marine products on wednesday on the sidelines of china fisheries and seafood expo in the eastern chinese port city of qingdaok s srinivas chairman of mpeda led a delegation of 40 plus indian exporters and exporters associations for the event which witnessed huge response from chinese importers with more than 50 participants from 25 major importing companies participating in the event a press release issued by the indian embassy here saidlast two years have witnessed a quantum jump in the exports of indias marine products to chinain the first nine months of this year indias exports of marine products to china has tripled and touched almost usd 800 million as per the data released by chinas customs authority just two days back the statement saidat this speed we are bound to cross usd one billion mark in the year 2019 it said adding that early this month a chinese trade delegation visited india and signed a contract for the import of marine products worth 500 million in the next two yearssrinivas briefed about indias strength in this sector with the country emerging as the 4th largest exporter of seafood in the worldindia is the second largest aquaculture producer 3rd largest fish producer in the world with exports of marine products worth 7 billionchina is a major importer of marine products with imports of around 12 billion he saidhe also elaborated about the massive efforts put in by india in ensuring the quality of the products thereby earning a great reputation in the international market the statement addedprashant lokhande economic and commercial counsellor of the indian embassy said the bilateral relationship between india and china has emerged as one of the most vibrant and mature relationships during the last few yearshe referred to the two informal summits between the prime minister narendra modi and president xi jinping in wuhan in 2018 and the recent one in mamallapuramthe summits laid a solid foundation for growth in our commercial and economic engagements our bilateral trade is touching usd 100 billion mark he saidhowever india has strong concerns on huge trade deficit with china and i am happy that the product which you all are handling has the potential to reduce the trade deficit by usd two billion if explored in a mission mode he saidindias trade deficit with china mounted to 57 billion last year in over 95 billion total tradeat the mamallapuram summit modi and xi agreed to setup a new mechanism led