Premier Li Keqiang’s India visit has concluded with the signing of several bilateral agreements aimed at giving a boost to trade and commerce between the two nations. The diplomatic visit aimed to put aside differences and build mutual trust between the two Asian countries.
In a joint statement inked by the two countries’ leaders on May 20, 2013, both sides agreed that their economies are highly complementary and the potential for cooperation is huge. During his visit, Li expressed his willingness to help Indian companies access China’s market and ease the trade imbalance with India. The two countries proposed to set up an economic corridor along China, India, Myanmar and Bangladesh.
The corridor is expected to provide fresh impetus to Asian economic integration and global economic growth. India and China vowed to step up discussions to end their long-running border disputes. Special representatives will meet soon to seek settlement of the issue. The two countries have also agreed to hold regular exchanges of high-level visits in the future.