India expects more trade with China, welcomes Chinese investment

08:34, November 15, 2010      

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Indian Foreign Minister S.M. Krishna noted on Sunday that India placed special emphasis on trade cooperation with China, welcoming more Chinese enterprises to invest in the future in Indian manufacturing industry and infrastructure construction.

He made the remarks in his meeting with Chinese Foreign Minister Yang Jiechi in Wuhan, capital of central China's Hubei Province, where the 10th China-Russia-India foreign ministers' meeting is held. Chinese Foreign Minister Yang Jiechi, Russian Foreign Minister Sergei Lavrov and Indian Minister of External Affairs S.M. Krishna arrived in Wuhan Saturday afternoon for trilateral talks slated for Nov. 14 to 15.

Statistics released by the Chinese General Administration of Customs showed that the trade volume of the two countries had reached around 45.43 billion U.S. dollars from January to September, up 43.7percent compared with the same period last year.

It was also noted that bilateral trade has increased, with an annual growth rate of more than 30 percent since 2004.

The two ministers also exchanged views on international issues of common concern.

Chinese Foreign Minister Yang Jiechi said that Sino-Indian relations have global influence as well as strategic significance.

This year marked the 60th anniversary of the establishment of Sino-Indian diplomatic relations, said Yang.

Yang also praised the continuing development of bilateral ties over the past 60 years, featuring frequent high-level exchanges and continuously enhanced bilateral cooperation in all areas.

On international and regional issues, the two countries' communications and coordination are also becoming closer, said Yang, noting that China attached great importance to the strategic cooperative partnership with India.

Further, leaders of China and India have agreed that the world is large enough to accommodate the common development of both China and India, and broad enough for the two countries to improve their cooperation, said Yang.

Yang stressed that China was willing to work with India to seriously implement the consensus reached by both leaders, and strengthen bilateral communication, coordination and cooperation to promote the development of bilateral ties in the areas of politics, economics, trade, and culture.

For his part, Krishna said India and China were ancient civilizations exerting important influence on the international affairs of this century. India attached great importance to the relationship with China, hoping to enhance high-level exchanges and mutual trust between the two countries with the goal of boosting bilateral relations.

On the sidelines of the two-day meeting, Yang will also have separate bilateral talks with his Russian counterpart.

During the two-day meeting, the three foreign ministers are scheduled to discuss international and regional issues of common interest aimed at promoting practical cooperation among the three countries.

The last round of meetings of this kind was held in India in October 2009.

Source: Xinhua


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