Published: Sun, October 13, 2019
Worldwide | By Lisa Hogan

China, India agree to set up mechanism for trade

China, India agree to set up mechanism for trade

Prime Minister Narendra Modi on Saturday morning took a walk down the beach in Mamallapuram where he stayed for nearly half an hour. Jinping after hearing Modi - at a bilateral delegation level meeting at Kovalam - on trade deficit said that China is ready to take honest action in this regard, and to discuss in a very concrete way how to reduce the trade deficit, Gokhale told newspersons at the end of the summit between.

"If we can speak on the basis of larger concerns between us, then it would be a significant voice that would be heard on the global stage, of two of the largest countries in the world working together", he said. "President Xi Jinping said that China was ready to take honest action". He is travelling to Nepal for the first official visit by a Chinese President in 23 years.

"The two leaders held an extensive talk during the tour on dialogue and mutual learning among civilizations", the statement said.

Meanwhile, on border issues, MEA said that the two leaders "reiterated their understanding that efforts will continue to be made to ensure peace and tranquillity in the border areas, and that both sides will continue to work on additional confidence-building measures".

The two leaders sat on the lawn at the temple and exchanged views on development and cooperation.

Xi added that they need to support the establishment of friendly ties between China's Fujian Province and India's State of Tamil Nadu, as well as those between cities of Quanzhou and Chennai, to write a new chapter of the Maritime Silk Road. This is the second informal summit between Xi Jinping and Narendra Modi.

Mr. Gokhale categorically said the Kashmir question has never been raised in the meeting because it is India's internal matter.

Both the leaders also shared their respective approaches towards national development.

Hence, China is expected to relax visa restrictions for Indian tourists and professionals for a greater people-to-people connect, sources said.

The two countries should make a success of next year's celebration of the 70th anniversary of their diplomatic relations and the activities marking the China-India year of cultural and people-to-people exchanges, he said. Both the leaders also held parleys on several issues in the coastal town of Mahabalipuram in Tamil Nadu on Friday. Modi, a conservative Hindu politician, said India and China have been economic powers that traded with one another "for the most part of the last 2000 years".

They did however agree to step up their efforts so "that the global community strengthens the framework against training, financing and supporting terrorist groups throughout the world", said the Indian statement.

Like this: