Indian minister: China, India should increase mutual respect

17:13, May 21, 2010      

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Because both China and India are regarded as future economic powerhouses, India's Commerce and Industry Minister Anand Sharma feels the two sides should enhance mutual respect and understanding. He also expressed his opinions on certain China-related issues, according to a report by the India-based Business Standard on May 20.

When asked about the Commerce and Industry Ministry's stance on the recent dispute over restrictions on the importation of Chinese telecom equipment, Sharma explained, "This issue has to be looked at from a holistic view. When it comes to technical parameters that are given by the security establishments, they need to be fully confirmed. Other countries have the same approach and what we do or have done is transparent and democratic. The Department of Telecommunications, or DoT, along with the security establishments would now have to take a call. If certain security parameters need to be made, then they should be made. I would not like these issues to be looked at from a narrow window of a country or a company. It is much more than that. China is our largest trading partner and we are two big Asian and world economies, which are bound to influence the economic order in the coming decades. So, there is a need for more cooperation and understanding and a more complete view has to be taken."

When asked whether a change of the RMB exchange rate will adversely impact the competitiveness of Indian exports, he replied, "Our views had been clearly expressed. Again, it is China's decision but I hope they are considering what their major trading partners have said."

Source:Xinhua

(Editor:黄蓓蓓)

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