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India, China stress on boosting economic ties
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India, China stress on boosting economic ties

Oct 23 2013, 8:14am CDT | by IANS

Beijing, Oct 23 (IANS) India and China Wednesday laid stress on boosting economic cooperation -- by setting up industrial clusters and through a possible bilateral trading agreement -- as well as on maintaining peace on their border.

Beijing, Oct 23 — India and China Wednesday laid stress on boosting economic cooperation -- by setting up industrial clusters and through a possible bilateral trading agreement -- as well as on...

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44 weeks ago

India, China stress on boosting economic ties

Oct 23 2013, 8:14am CDT | by IANS

Beijing, Oct 23 (IANS) India and China Wednesday laid stress on boosting economic cooperation -- by setting up industrial clusters and through a possible bilateral trading agreement -- as well as on maintaining peace on their border.

Beijing, Oct 23 — India and China Wednesday laid stress on boosting economic cooperation -- by setting up industrial clusters and through a possible bilateral trading agreement -- as well as on maintaining peace on their border.

A joint statement issued after talks betweeen Prime Minister Manmohan Singh and Chinese Premier Li Keqiang said India and China are "poised to enter a new stage of economic engagement based on pragmatic cooperation and mutually advantageous policies and practices".

India and China two-way trade is over $65 billion, which is heavily skewed in China's favour. India has voiced concern at the adverse trade balance, which stands at over $30 billion.

The statement said both sides would examine the prospects of a bilateral Regional Trade Arrangement (RTA), review the state of negotiations on the Regional Comprehensive Economic Partnership (RCEP), and expedite efforts to conclude a framework agreement for setting up industrial zones "to provide platforms of cluster type development for enterprises of the two countries".

The joint statement also talks of setting up a study group on the Bangladesh-China-India-Myanmar Economic Corridor, which Beijing has been pushing for. "Both India and China would continue to discuss with the other parties to this initiative, and hold the first BCIM Joint Study Group meeting in December."

On the border issue, it said their special representatives "who have been tasked with exploring a framework of settlement of the India-China boundary question were encouraged by the two leaders to continue their efforts in that direction".

"Peace and tranquility on the India-China border was recognised as an important guarantor for the development and continued growth of bilateral relations," it said, and added the Border Defence Cooperation Agreement would strengthen maintenance of stability on the border.

The statement dwelt on the agreement on sharing of information on trans-border rivers, on further people-to-people exchanges and to mark 2014 as a Year of Friendly Exchange.

The two countries also agreed to further strengthen coordination and cooperation in multilateral forums including Russia-India-China, BRICS, and G-20 to jointly tackle global issues such as climate change, international terrorism, food and energy security, and to establish a fair and equitable international political and economic system.

IANS

Source: IANS

 
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3 weeks ago

Back Channel or Front

Aug 5 2014 4:30pm CDT | Source: Politics - The Huffington Post

Reestablishment of a diplomatic back channel is an outcome of the recent parlays between Indian prime minister, Narendra Modi and Pakistani prime minister, Nawaz Sharif. A back channel has existed almost uninterruptedly for the last decade, through the regimes of former Pakistani presidents, Pervez Musharraf and Asif Zardari, and former Indian prime minister, Manmohan Singh. What has the back channel achieved? It is claimed by Singh himself an ...
Source: Politics - The Huffington Post   Full article at: Politics - The Huffington Post
 

 
Update
2

3 weeks ago

Strategizing Kukis' Political Demands

Aug 4 2014 6:00pm CDT | Source: Politics - The Huffington Post

The leaders of the two Kuki armed groups -- the United Peoples' Front (UPF) and the Kuki National Organization (KNO) -- are again heading to New Delhi with the hope of materializing a political dialogue with representatives of the central government. A meeting with officials of the Ministry of Home Affairs (MHA) is likely to take place within the next few days. The meeting will be the first high-level engagement be ...
Source: Politics - The Huffington Post   Full article at: Politics - The Huffington Post
 

 

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