Chinese premier kicks off visit to India, urges stronger trade links

16:34, December 16, 2010      

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Chinese Premier Wen Jiabao addresses the India-China Business Cooperation Summit in New Delhi, India, Dec. 15, 2010. (Xinhua/Li Tao)

Chinese Premier Wen Jiabao Wednesday started his official visit to India, in which he conducted a series of activities with Indian leaders and representatives from different sectors, urging stronger trade links and promotion of bilateral cooperation.

Addressing a bilateral business cooperation forum in New Delhi, Wen stressed that China and India are cooperative partners instead of rivals, calling for efforts to further enhance bilateral trade links and jointly fight protectionism.

"There is enough room in the world for China and India to develop both countries and cooperate with each other," Wen said.

Hailing the sound momentum of bilateral ties, Wen said that economic and trade cooperation between China and India has witnessed unprecedented progress in recent years. He said it has entered the most vigorous and fruitful "new period."

"Our trade volume has increased by 20 times in the past ten years, and our mutual investment has brought rich benefits to both sides," Wen said.

The premier called for efforts by both sides to create a favorable environment for mutual investment, implement the pact for investment promotion and protection, ease the restrictions on authorization, on capital and personnel flows, and explore the possibility of setting up international economic and trade cooperation zones in each other's country to promote bilateral trade and investment.

Regarding India as one of China's largest overseas engineering contract markets, Wen said the two countries enjoy broad market space, and should open markets for each other to give a strong boost to economic growth.

Source:Xinhua


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