ID :
153284
Mon, 12/13/2010 - 19:18
Auther :
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http://m.oananews.org//node/153284
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India, China face daunting challenges of development: Chinese Envoy
New Delhi, Dec 13, IRNA -- Chinese envoy to India, Zhang Yan said on Monday that India and China face daunting challenges of development.
“Both the countries are facing daunting challenges of development. But when China and India join hands, they can make a positive impact, not just in their respective countries but on the world at large,” said Yan addressing a meeting on ‘India-China Opportunities and Challenges in the Emerging Global Order’ organized by Federation of Indian Chamber of Commerce and Industry in New Delhi.
He said that China has expressed the imperative need to deepen relations with India, “without letting the border issue stand in the way”, by starting the process of moving towards a regional Free Trade Agreement along with effective measures to remove trade and investment barriers.
“The development of diversified trade, tourism and investment cooperation would be crucial for reducing the trade imbalance (currently in favour of China) and achieving the bilateral target of US $ 60 billion this year”, Chinese Ambassador declared on the eve of the Chinese Premier, Wen Jiabao’s visit to India beginning Wednesday.
Speaking on the occasion, Ms. Nirupama Rao, India’s Foreign Secretary, emphasized the need to go beyond the unsettled boundary issue and move towards “congruence and cooperation” in the bilateral relationship in a spirit of “competition and collaboration”.
She said that India was looking at greater investments by China in this country, particularly in the infrastructure sector.
“We need greater synergy and dialogue to explore the lessons that we could draw from the Chinese model of infrastructure development for the benefit of the business and engineering community of the countries,” she said.
Dr. S Jaishankar, India’s Ambassador to China and Shyam Saran, former Foreign Secretary of India, also addressed the day-long meeting./end
“Both the countries are facing daunting challenges of development. But when China and India join hands, they can make a positive impact, not just in their respective countries but on the world at large,” said Yan addressing a meeting on ‘India-China Opportunities and Challenges in the Emerging Global Order’ organized by Federation of Indian Chamber of Commerce and Industry in New Delhi.
He said that China has expressed the imperative need to deepen relations with India, “without letting the border issue stand in the way”, by starting the process of moving towards a regional Free Trade Agreement along with effective measures to remove trade and investment barriers.
“The development of diversified trade, tourism and investment cooperation would be crucial for reducing the trade imbalance (currently in favour of China) and achieving the bilateral target of US $ 60 billion this year”, Chinese Ambassador declared on the eve of the Chinese Premier, Wen Jiabao’s visit to India beginning Wednesday.
Speaking on the occasion, Ms. Nirupama Rao, India’s Foreign Secretary, emphasized the need to go beyond the unsettled boundary issue and move towards “congruence and cooperation” in the bilateral relationship in a spirit of “competition and collaboration”.
She said that India was looking at greater investments by China in this country, particularly in the infrastructure sector.
“We need greater synergy and dialogue to explore the lessons that we could draw from the Chinese model of infrastructure development for the benefit of the business and engineering community of the countries,” she said.
Dr. S Jaishankar, India’s Ambassador to China and Shyam Saran, former Foreign Secretary of India, also addressed the day-long meeting./end
