China and India have reached a tentative agreement on cargo and service trade,
investment as well as trade and investment facilitating measures even as the two
countries reported progress in finding ways of initiating a regional trade arrangement
(RTA), China''s ministry of commerce said.
two sides, which met in Beijing for a fifth time for a two-day consultation that
ended yesterday, expects to conclude a joint assessment of regional trade potential
at the sixth consultation meeting to be held in New Delhi by October, ministry
spokesman Wang Xinpei said.
two sides would then decide whether to start free trade agreement (FTA) negotiations.
between China and India surged 56.8 per cent year-on-year during the first four
months of the current fiscal - the highest among all major trade partners for
India - to $11.4 billion, reports quoting Chinese customs statistics said.
two neighbours, meanwhile, have concluded a fresh round of talks aimed at resolving
their age-old border dispute.
representatives of India and China, national security adviser M K Narayanan and
Chinese vice foreign minister, Dai Bingguo concluded their 11th round of border
negotiations in New Delhi on September 26.
minister Manmohan Singh as well as Congress party president Sonia Gandhi are also
due to visit China in the coming months.
details of their negotiations were not released, a brief press statement said
Narayanan and Dai held "useful and positive discussions on the framework
for the settlement of the India-China boundary question".
China and India have intensified works on many infrastructure projects in the
disputed 3500-km long India-China border.
China has carried out extensive works aimed at improving Tibet''s infrastructure,
India''s Border Roads Organisation (BRO), will be constructing all-weather roads
in the strategic areas of Ladakh in Jammu and Kashmir, Rohtang in Himachal Pradesh
and Arunachal Pradesh in the North East.
BRO is also working on the restoration of large tracts of the Hindustan-Tibet
road, which was undertaken in 1961, a year ahead of the India-China war, under
has so far spent close to Rs63 crore on the project in the last three years. The
government has also approved construction of 27 road links along the India-China
border at an estimated cost of Rs912 crore.