PM to visit China in October, border, trade talks on agenda
Breakthroughs in border management and addressing growing trade imbalance would dominate the agenda of Prime Minister Manmohan Singh’s expected visit to China in the last week of October.delhi Updated: Aug 18, 2013 22:45 IST
Breakthroughs in border management and addressing growing trade imbalance would dominate the agenda of Prime Minister Manmohan Singh’s expected visit to China in the last week of October.
It is learnt that Singh will be clubbing his China visit with his trip to Russia for the annual India-Russia summit slated for October 21.
The main thrust of the new border management mechanism will be reflected in the Border Defence Cooperation Agreement (BDCA) with China, expected to be signed during the visit.
This pact, still in the negotiating stage, significantly envisages interaction between area commanders on both sides to help manage the incidents along the border in an effective way.
With the Indian economy on a downward spiral and trade imbalance with China on the rise, a great deal of focus will be on economic and trade issues.
This primarily includes seeking greater Chinese investments in manufacturing and infrastructure and seeking greater market access for Indian IT and pharmaceutical and other products.
Commerce minister Anand Sharma will be visiting Beijing soon to work out the details.
As reported by HT first, the ball has already set rolling for industrial parks with Chinese investment in UP.
However, seeking Chinese investment in infrastructure remains a tricky issue with security concerns. While the ports and border roads will be out of bounds of Chinese help, efforts are on to get them in other infrastructure sectors.