China – India Silicon Road: The New Trade Route (Silk Route 2.0) Runs Through the Technology Sector

Citationjd0093
Date04 June 2019
Published date04/06/2019
Subject MatterInternational Economic Law
2020/11/4 China – India Silicon Road: The New Trade Route (Silk Route 2.0) Runs Through the Technology Sector | China Law Insight
https://www.chinalawinsight.com/2019/06/articles/international-trade-wto/china-india-silicon-road-the-new-trade-route-silk-route-2-0-runs-through-t
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CHINA LAW INSIGHT
China – India Silicon Road: The New Trade Route
(Silk Route 2.0) Runs Through the Technology
Sector
By King & Wood Mallesons on June 4, 2019
By: Rocky Lee & Shantanu Surpure
China is India’s Largest Trading Partner:
China and India have been trading goods for centuries including along the historical “Silk
Route”. According to Government of India statistics, China – India bilateral trade reached
an all time high in 2018 to reach US$85 billion. The two countries have set a target of
US$100 billion in bilateral trade.
China is India’s largest trading partner with the balance of trade in favor of China. India
trades more with China than it does with the US and the UAE (the next two largest trading
partners).
Recent geopolitical events have led to China seeking to expand its trade relations with
India. China – India trade has traditionally been in the pharmaceuticals, minerals, textiles,

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