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2point6billion.com discusses business and investment news rising from the geopolitical relations of China and India, and the interactions these two countries have with the rest of emerging Asia.




China-India Border Deal Opens the Way to More Trade

Oct. 29 – The meetings last week between Indian Prime Minister Dr. Manmohan Singh and Chinese Premier Li Keqiang was a mixture of détente over border issues, some cultural cross-referencing, and the laying down of a platform for increased trade opportunities. In what turned out to become a remarkably cordial and informal series of meetings, the quotes came fast and thick from both sides:

“If the host is hospitable and generous, there will be more frequent visits from guests,” as mentioned by Premier Li. Not to be outdone, Chinese President Xi Jinping also told Singh the famous saying “We need to stand tall and look far, a journey of 1,000 miles begins with a single step.”

Xi offered the proverb after the two sides signed a border protocol, mooting a hotline between military headquarters, and China pushed for an ambitious Bangladesh-Myanmar-India-China economic corridor along the old south Silk Road route.

Indian officials are particularly pleased with a memorandum on water signed as part of nine agreements at the impressive Great Hall of the People that puts “issues of mutual interest” back in dialogue. While stapled visas to Arunachal Pradesh residents remain an irritant, the breakthrough on border management and a preparedness to address a yawning trade deficit remain positive developments.

Stressing common goals, Chinese Premier Li Keqiang said, “Our two peoples have the wisdom and our two governments have the ability to manage our differences along the border so that it would not affect the overall interests of our bilateral relations.”

Continue reading this article on India Briefing

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One Response to China-India Border Deal Opens the Way to More Trade

  1. Carlos de Souza says:

    It does appear that Xi and Li are more pragmatic than Hu and Wen were. Lets wait and see how things shape up. For India, it should be “trust, but verify”.

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