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India-China bilateral trade set to hit $100 billion by 2015

IndianTiger

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Jun 21, 2012, 08.53PM IST TNN [
Shobhan Saxena ] Prime Minister Manmohan
Singh shakes hands with
Chinese Premier Wen
Jiabao at a bilateral
meeting during Rio+20
Summit in Rio De Janeiro, Brazil on Wednesday.(PTI
Photo) RIO DE JANEIRO: In their 13th
meeting in eight years, Prime
Ministers Manmohan Singh and
Wen Jiabao on Wednesday
decided to take the India-
China relationship to the next level by giving a boost to
trade and priority to resolving
the border dispute between
the two countries. Going into
a huddle on the first day of
the Rio+20 conference here, the Indian Prime Minister,
who calls Wen his 'close
friend', agreed to take steps
to ensure that the bilateral
trade between the two
emerging economies reaches $ 100 billion (about Rs 5,60,000
cr) by 2015. The two-way
trade between the two
countries reached $74 billion in
2011, with China becoming
one of the largest trade partners of India and vice
versa.
With the delegates and
officials of almost all 190
countries present here
keeping an eye on the India- China bilateral, the prime
ministers of two emerging
economies of Asia emerged
from their 40-minute meeting
after agreeing to boost trade
and also give top priority to defence and security dialogue
between the two countries.
Speaking to media after the
crucial meeting, India foreign
secretary Ranjan Mathai said
during the meeting, the Indian prime minister invited Chinese
investment in infrastructure
in India. "The two leaders also
decided to start the export of
Indian rice to China soon," the
foreign secretary said, adding that the issue of trans-border
rivers flowing in India and
China also figured in the talks
which took place on the
sidelines of the UN summit on
sustainable development. With almost all G-7 leaders,
except French President
Francois Hollande, skipping the
meet, Manmohan Singh and
Wen are hogging all the
limelight, especially because the draft of the declaration to
be adopted at the end of the
summit tomorrow has a
major imprint of G-77+China
group. "The view of
developing nations that eradication of poverty should
be the top priority has
prevailed over the adoption
of green economy objectives.
This couldn't have happened
without close coordination between India and China and
summit host Brazil," says an
Indian delegate who has been
part of nerve-wracking
negotiations.
The closing of ranks by India and China at an important
global meet can have long-
term ramifications for the
balance of power in Asia as
well as the world at large. In
the meeting, Wen said the two sides need to further
consolidate their political and
strategic mutual trust and
ensure that their ties will
move forward on the right
track. "Under the current complex global and regional
circumstances, China and India
face mutual challenges and
opportunities," Wen said. On
the question of boundary
dispute between the two countries, the two ledaers said
the Special Representatives of
India and China have been
asked to prepare details of the
joint work done so far. One
important outcome of the meeting was that Indian
exporters can now begin
sending basmati rice to China
after both countries agree on
a mutually satisfactory
quarantine protocol. China has already okayed Indian
exports of basmati rice
following six-year process
during which many hurdles
that bar the entry of Indian
rice into the Chinese market were overcome.
Negotiations on the issue of
rice exports were on since
2006, when President Hu
Jintao visited India. Finally, it
was given a concrete shape during Hu's visit to New Delhi
for the BRICS summit in
March.
 

ashokdeiva

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May 5, 2011
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I'm glad the Indian Government has its priorities right.

Instead of worrying about the double-downgrade from S&P and now Fitch, or the fact that the Rupee hit ANOTHER all-time low today:

Rupee hits all-time low of 56.57 - The Times of India

India instead wants to FURTHER increase its already enormous trade deficit to China.
your primier does not think like you. and thanks for the very second post to be a troll post.
 

Chinese-Dragon

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your primier does not think like you. and thanks for the very second post to be a troll post.
Actually, both of us are very happy that India wants to increase their trade deficit to us. :azn:

Why would I complain when India wants to throw more of their money at us?
 

KRAIT

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Jan 14, 2012
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I'm glad the Indian Government has its priorities right.

Instead of worrying about the double-downgrade from S&P and now Fitch, or the fact that the Rupee hit ANOTHER all-time low today:

Rupee hits all-time low of 56.57 - The Times of India

India instead wants to FURTHER increase its already enormous trade deficit to China.
Mate can you, for once, speak positively about India......I mean entire group of Indian posters will hold one day silence(no china bashing) for it. :enjoy:
 

Chinese-Dragon

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Mate can you, for once, speak positively about India......I mean entire group of Indian posters will hold one day silence(no china bashing) for it. :enjoy:
You mean like these threads that were started in the past day? :azn: (And these threads below are only from ONE single Indian member, there are many others).

http://www.defence.pk/forums/world-...d-up-poison-products-flirt-food-activism.html

http://www.defence.pk/forums/world-...anufacturing-slump-may-match-2008-crisis.html

http://www.defence.pk/forums/world-...candals-give-foreign-dairies-boost-china.html

http://www.defence.pk/forums/world-...t-35-million-worth-italian-train-tickets.html

No thanks sir. :P
 

ashokdeiva

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Mate can you, for once, speak positively about India......I mean entire group of Indian posters will hold one day silence(no china bashing) for it. :enjoy:
what can we do? we have our side of the morons who will bash CHINA and in return the CHINESE bashing us and this goes end less and i am tired of seeing this end less stupidity.
I can not ask the CHINESE to ignore the morons, because we have the responisbility to tell our own country men to stop trolling and basing both CHINA and PAKISTAN in every other thread
 

KRAIT

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You mean like these threads that were started in the past day? :azn: (And these threads below are only from ONE single Indian member, there are many others).


No thanks sir. :P
Plzzzzzzzzzzzzzzzzz man plzzzzzzzzzzzzzzzz......my children, my grand children will remember your generosity and this day. Just let one thread out to discuss and post one positive comment.......

Indo-China partnership is increasing, act like partner in crime...:thank_you2:
 

Chinese-Dragon

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Plzzzzzzzzzzzzzzzzz man plzzzzzzzzzzzzzzzz......my children, my grand children will remember your generosity and this day. Just let one thread out to discuss and post one positive comment.......

Indo-China partnership is increasing, act like partner in crime...:thank_you2:
I made a positive thread about India before Chinese New Year, and I asked all the Chinese and Indian members to hold a "truce" with each other for at least a week.

Yet in the very 3rd post of that thread, an Indian already called me a dirty chink. :rofl: And the thread got deleted.
 

Boson

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Actually, both of us are very happy that India wants to increase their trade deficit to us. :azn:

Why would I complain when India wants to throw more of their money at us?
It talks about trade, not trade deficit.

The rupee rate helps exports to china, not imports from china.

If denim could be competitive in china at an exchange rate of 46 ... there would be lots of things coming in the future.
 

KRAIT

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I made a positive thread about India before Chinese New Year, and I asked all the Chinese and Indian members to hold a "truce" with each other for at least a week.

Yet in the very 3rd post of that thread, an Indian already called me a dirty chink. :rofl: And the thread got deleted.
You should have avoided him, next time if anyone calls you that PM me i will report it and ask my friends to report it too...may be we can do something about racist remarks.
 

ashokdeiva

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chinese are doomed as their economy is export depended otherwise people will stave and instability will grow to throw the cpc out of power.

That's why they are seeking more and more trade with India.
I am fed up with moronic posts from my country men as well as CHINESE and PAKISTANIs all day.
can we cut the crap and talk sence guys.
Also please back up your claim.

It was not their economi that was degraded by S&P last time, it was ours.
In a world of global market, every one depends on the other one way or the other.
 

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