Important points discussed during Second India-China Strategic Economic Dialogue

Important points discussed during Second India-China Strategic Economic Dialogue

1. It was presided by Montek Singh Ahulwalia of Planning Commission of India and Zhang Ping of National Development and Reform Commission(NDRC) of China.

2. 11 MoUs worth $5 billion (Rs. 27,865 crore)

3. Bilateral trade to be increased from $74 billion to $100 billion.

4. More financial cooperation by allowing financial institutions and companies to launch operations in either country and expanding commercial operation and support enetrprises.

5. Some areas discussed are as follows -

(a) Deepening and expanding trade and investment.

(b) Promoting bilateral cooperation in infrastructure and financial sectors.

(c) Enhanced cooperation at global level.

(d) Strengthening communication of macroeconomic policies.

6. Both sides committed to increase the cooperation on below matters -

(a) Pursue common interests in International monetary and financial institutions.

(b) Working towards sustainable development.

(c) Working together for climate change goals.

(d) Ensuring food and energy security.

(e) Stabilise the volatility existing in the global commodity markets.


Also find the 11 MoUs disccused in detail in the next article