Explanation:

Explanation: The bilateral trade between the countries stood at around USD 71.42 billion in 2016-17. India's trade deficit with China stood at USD 36.73 billion during the April-October period of the FY 2017-18. The deficit had marginally dipped to USD 51 billion in 2016-17 from USD 52.69 billion in the FY 2016-17. India has raised the concerns of ballooning trade deficit due to the growing difference between imports and exports. China has agreed to take concrete steps such as giving more market access to Indian products and services, and setting up industrial parks here to narrow the widening trade deficit

Statement 2: It has agreed to address India’s concerns regarding China’s ‘Sanitary and Phytosanitary measures’ (regarding ‘application of food safety, and animal and plant health norms’) hurting Indian farm products exports to that country.

Statement 1: Chinese authorities have also decided to look into India’s request to remove the ‘curbs’ on Indian pharmaceutical companies/products — especially those having the approval of American, European and Japanese regulators. Besides, Beijing would also soon take a call on removing the difficulties faced by the Indian IT/business process management sector in getting greater market access in China.

Statement 3: Anti-dumping duty is in force on 93 products concerning imports from China, covering products in broad groups of chemicals and petrochemicals, products of steel and other metals, fibres and yarn, machinery items. But, these actually help cut down trade deficit due to all these imports. So, 3 is wrong.