Economy

India, China sign 12 agreements

Ashwini Phadnis New Delhi | Updated on March 12, 2018

Prime Minister Narendra Modi shakes hands with Chinese President Xi Jinping before a meeting at the Hyderabad House in New Delhi on Thursday. Photo: PTI

India and China today exchanged 12 documents, including one on five years economic and trade development plan.

An agreement on audio visual co-production, two documents on railways, another document on work plan for drug administration and an MoU on culture were exchanged between the two countries.

An MoU on peaceful use of outer space and a twinning agreement between Shanghai and Mumbai were also signed.

Prime Minister Narendra Modi said that Chinese President Xi Jinping has assured that he will take concrete steps to correct the trade imbalance and give more market access and investment in China.

Modi has invited Chinese investments especially in Infrastructure. China has committed to invest $20 billion in five years.

Concrete steps on railways were also discussed between Modi and Jinping.

Modi said that China has agreed to allow new route from Nathula to Kailash Mansarovar. This will also be usable during rains.

The Prime Minister has expressed concerns over what happened at the borders. Both of them discussed openly and touched on difficult issues, he said, adding that boundary issues will sorted out soon.

Modi told the Chinese President that clarification on line of control can help. He says that this has been stopped for several years and should begin again.

The Prime Minister added that in connection with regional connecivity, the BCIM (Bangladesh, China, India and Myanmar) trade corridor was also discussed.

Published on September 18, 2014

Follow us on Telegram, Facebook, Twitter, Instagram, YouTube and Linkedin. You can also download our Android App or IOS App.

null
This article is closed for comments.
Please Email the Editor

You May Also Like