Xi Jinping and Narendra Modi also held talks on one-on-one and delegation level create new trade “mechanism”
New Delhi … News time
India and China have agreed to create a new “mechanism” to promote bilateral trade and investment. Under which the top officials of both countries will work to increase trade volume and reduce losses. Chinese President Xi Jinping completes his two-day visit to India on Saturday. Chinese President arrived in Chennai, India yesterday. According to Indian authorities, talks were held between Xi Jinping and Narendra Modi at the one-on-one and delegation level. Giving briefing on the visit of the Chinese President, Foreign Secretary Vijay Gokhale said that during the two-day visit, the two leaders talked for about 5.30 hours one-on-one. He said that various issues including trade, investment and terrorism were discussed during the talks.
“Masonry Connect” to promote trade and investment
Vijay Gokhale said China and India have agreed to develop a new method called Chennai Connect to give new direction to bilateral trade and investment. He said that a high level committee was agreed to be jointly chaired by the Finance Minister of India and the Vice President of China. Under this new project, India and China will make joint efforts to balance bilateral trade and reduce trade deficit.
