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K’taka to promote trade with Chinese city

A trade body in Karnataka has signed a deal with Sanya city to promote trade, says statement

Policy Pulse
Publish Date: Jul 13 2016 1:05PM | Updated Date: Jul 13 2016 1:05PM

K’taka to promote trade with Chinese city

 A trade body in Karnataka has signed a deal with Sanya city to promote trade and foster tourism, yoga and integrated medicine between Indian state and the Chinese city in Hainan island.

 
"The agreement between the Karnataka Region Economic and Trade Organisation and Sanya People Municipal Government, signed on Monday in New Delhi, allows exchange visits by their delegations," the trade body said in a statement in Bengaluru.
 
The agreement facilitates delegations from Sanya to visit Karnataka for a view of its traditional values of yoga, tourism and bilateral trade.
 
"Both cities have a lot in common, spanning a vibrant coastline to the salubrious climate and enterprising populations. We hope this initiative will spur bilateral ties between the city and the state," said Kreto Deputy Chairperson Shaneena Sultana.
 
With a number of harbours, Sanya is an significant port for import and export of trade with foreign countries. It is also known as the 'South Gate of China' to stress its importance and role in economy, politics and transportation.