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Sino-India trade ties set to deepen

world Updated: Nov 21, 2012 01:15 IST
Sutirtho Patranobis

China on Tuesday said the strategic economic dialogue (SED) with India next week will help deepen economic and trade cooperation between the two countries.

A high-level Chinese delegation headed by Zhang Ping, chief of National Development and Reform Commission – a close parallel to the Planning Commission of India – is heading to New Delhi for SED on November 26. His team will include officials from various government agencies, business enterprises, financial and research institutions.

Calling it an “important activity” in the calendar of China-India friendship year, foreign ministry spokesperson, Hua Chunying said the interaction is expected to step-up multi-tiered expansion in the economic field for both countries.

On the Indian side, the meeting will be co-chaired by MS Ahluwalia, vice-chairman of the Planning Commission of India.

Stepping up cooperation in the infrastructure projects had figured during Monday’s meeting between Prime Minister Manmohan Singh and his Chinese counterpart Wen Jiabao on the sidelines of ASEAN meeting in Phnom Penh, Chinese Foreign Ministry spokesperson Hua Chunying told reporters here today.

Hua quoted Wen as telling Singh that "the Chinese government will continue to encourage reputable Chinese enterprises to invest in Indian projects".

Hua said the aim of the SED was to deepen and expand mutually beneficial cooperation in investment, infrastructure, high-end technology, energy conservation and environmental protection.

The first SED meeting was held in September, 2011.

“The dialogue is an important consensus reached between Premier Wen and Prime Minister Singh in December, 2010. The purpose of the dialogue is to step up coordination on macroeconomic policies, enhance exchanges and interaction and jointly tackling economic problems in the course of economic development,” Hua said on Tuesday at the regular press briefing by the foreign ministry.

On the issue of the Sino-India border talks, she said discussions through the mechanism of special representatives were on since 2003.

Hua said both countries were guided by the principle of resolving the dispute.

The last meeting between the special representatives – Shiv Shankar Menon from India and Dai Bingguo from China – was held in January this year.

Though Hua didn’t confirm when the next meeting will be held, Menon is expected in China in the coming months.

Hua said information about the next meeting will be released in “due course.”