India, China Ink Key Border Pact; To Boost Economic Ties

Reflecting on their ties with other countries, both agreed that their independent foreign policies with other countries “must not become a source of concern for each other. This will be our strategic reassurance”.

Premier Li said both agreed on strategic defence cooperation and to hold joint counter terrorism exercises in southwest China as well as joint maritime exercises at an early date, and in countering terrorism.

On trade and economic issues, Li said both sides agreed to make full use of their existing mechanisms and China was ready to expand its foray in infrastructure development, including in railways, in India. He also pushed for the Bangladesh-China-India-Myanmar (BCIM) economic corridor to link up between their two countries.

He said China is keen to establish industrial zones in India to expand Chinese investments in India and make two-way trade “more dynamic”.

Both sides also inked an agreement on cultural exchanges.

Li said the agreement on sister cities would give a “strong boost to cooperation” and “inject more dynamism to China India relations”.

Also Read: Fight Against AIDS Witnesses a Remarkable Progress
Also Read: Indians: Offenders or Victims of Racism?