INDIA AND CHINA
India & China on Wednesday 13th April,2011 , agreed to work towards removing all major irritants impacting bilateral relationship including the border issue and trade imbalance.Prime Minister Manmohan singh and Chinese president Hu Jintao agreed to set up mechanism on coordination and consultation on border affairs, resume senior level defense exchanges, initiate a high level economic dialogue for focused redress of investment and market access grievances and set up high level contacts. Both leaders expect the consultation to achieve consensus and better maintain peace and stability in the border regions until the boundary issue is resolved. This proposal was noted by Chinese premier Wen Jiabao during his India visit in December last. Dr Singh and Hu also instructed their special representatives to continue working towards settlement of the boundary issue.
China is India's largest trde partner and bilateral trade crossed of $61.8 billion last year. Both sides are well on the way to achieving the target of $100 billion by 2015.
The two countries also formally announced the strt of the"Year of China India Exchange" China will invite 500 young Indians from all walks of life and support teaching of Chinese in Indian middle and high schools.
Prof. John Kurakar
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