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China, India Sign Accords on Promoting Trade, Nucl
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tanglinboy
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21-Nov-2006 20:55
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Thanks man... appreciate the postings. Keep up the good work! |
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maxsyn
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21-Nov-2006 16:34
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Nov. 21 (Bloomberg) -- China and India, the world's two fastest-growing major economies, signed agreements to strengthen trade and investment and promote cooperation between the Asian neighbors, including in areas such as civilian nuclear energy. The two sides signed as many as 13 agreements today in New Delhi during Chinese President Hu Jintao's visit, the first by a Chinese president in a decade. The president, who arrived in India yesterday, said today he wanted to ``strengthen the friendship between the two countries, increase mutual trust, expand cooperation and chart a course for the future.'' India and China fought a border war in 1962 and have improved political, economic and military ties in recent years. The world's two most populous nations aim to consolidate trade and economic cooperation by ending years of mistrust. The two countries said they want an early settlement of a boundary dispute. Trade between the two countries should be boosted to $40 billion by 2010, said Indian Prime Minister Manmohan Singh at a joint press conference in New Delhi before the agreements were signed. Trade has risen from $260 million in 1990 to $18.7 billion in 2005, Sun Yuxi, China's ambassador to India said in a release issued in local newspapers in New Delhi today. It has reached $13.6 billion in the first seven months of this year and is expected to surpass $20 billion by the year end, he said. ``The idea now is to keep promoting the dynamism that has come through trade and thereby allowing it to become a foundation of the relationship,'' said Alka Acharya, chairman of East Asian studies at the School of International Relations, Jawaharlal Nehru University, New Delhi. ``The high-level negotiations are designed to promote the overall environment for the improvement of the relationship.'' |
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