• Saturday, January 18, 2020

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

Discussion in 'World Affairs' started by IndianTiger, Jun 21, 2012.

  1. IndianTiger

    IndianTiger FULL MEMBER

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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.
     
  2. Chinese-Dragon

    Chinese-Dragon PDF THINK TANK: ANALYST

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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.
     
  3. ashokdeiva

    ashokdeiva SENIOR MEMBER

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    your primier does not think like you. and thanks for the very second post to be a troll post.
     
  4. Chinese-Dragon

    Chinese-Dragon PDF THINK TANK: ANALYST

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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?
     
  5. lightoftruth

    lightoftruth SENIOR MEMBER

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    WHAT A GENIUS WE HAVE. :rofl:
     
  6. KRAIT

    KRAIT ELITE MEMBER

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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:
     
  7. India defense

    India defense BANNED

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    We are like this...:D.....you are like that
     
  8. Chinese-Dragon

    Chinese-Dragon PDF THINK TANK: ANALYST

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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).

    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
     
  9. ashokdeiva

    ashokdeiva SENIOR MEMBER

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    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
     
  10. KRAIT

    KRAIT ELITE MEMBER

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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:
     
  11. Chinese-Dragon

    Chinese-Dragon PDF THINK TANK: ANALYST

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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.
     
  12. Boson

    Boson FULL MEMBER

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    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.
     
  13. COLDHEARTED AVIATOR

    COLDHEARTED AVIATOR BANNED

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    How much can you offer to pay?
     
  14. KRAIT

    KRAIT ELITE MEMBER

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    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.
     
  15. ashokdeiva

    ashokdeiva SENIOR MEMBER

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    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.