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PM Modi meets Chinese President Xi Jinping on SCO sidelines: Key takeaways | India News

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Xi accepts Modi’s invitation

The Chinese side conveyed that they accepted PM Modi’s invitation to President Xi Jinping to have a

Wuhan-like informal summit in India in 2019,
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foreign secretary Vijay Gokhale announced today.

He said that the date for the informal meeting has not been decided.

‘Bilateral trade target of $100 billion by 2020’


President Xi Jinping suggested Prime Minister Narendra Modi that the two countries set up a new bilateral trade target of $100 billion by 2020.

The two countries had earlier set a bilateral trade target of $100 billion by 2015.

The India-China bilateral trade reached $84.44 billion last year, according to data of the Chinese General Administration of Customs in March.

Gokhale said that India has allowed China’s state-owned Bank of China to open its branch in Mumbai.

“There were some discussion on trade and investment related issues. And in that context Xi told Modi that China is looking at enhancing agricultural exports from India including non-Basmati rice and sugar,” Gokhale said.

India, China ink 2 MoUs


China has agreed to provide India hydrological data of the Brahmaputra River in flood season, months after Beijing stopped the practice, crucial to predict floods.

The two countries also signed an agreement under which China has agreed to import non-Basmati rice from India which is likely to bridge the ballooning trade deficit to a certain extent.

Last year, China had stopped sharing data soon after the

73-day long stand-off between Indian and Chinese troops at Dokalam
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over Chinese military’s plans to build a road close to India’s Chicken Neck corridor connecting North-Eastern states.

Strengthening bilateral ties


Prime Minister Narendra Modi said he had detailed discussions with Chinese President Xi Jinping on bilateral and global issues which will add further vigour to the India-China friendship after their informal summit in Wuhan.

During their meeting, the two leaders discussed a blueprint for deepening bilateral relationship and reviewed the implementation of decisions they had taken in the central Chinese city.

The meeting covered key aspects of the bilateral engagement, reflecting the resolve by the two countries to reset relations and bring back trust in their ties which was hit by the Doklam standoff and several other thorny issues.

Recalling that he and Prime Minister Modi successfully had an informal meeting and reached important consensus in Wuhan, President Xi said the meeting had been well received by both countries and the international community, and a positive atmosphere is taking shape to pay close attention to and support the development of China-India relations.

China is willing to work with India to take the Wuhan meeting as a “new starting point” to continuously enhance political mutual trust and engage in mutually beneficial cooperation across the board, so as to push forward China-India relations in a better, faster and steadier manner,” Xi was quoted as saying by China’s state-run Xinhua news agency.

Promoting people-to-people ties

“During the Wuhan summit, the two countries had also decided that people to people contact and people to people exchanges were a significant part of the relationship going forward that we needed to build better synergies through various means including films, culture, yoga, traditional Indian medicine, art, museum, and so on,” Gokhale said.

“And in that context, the two leaders have agreed that a new people to poeple mechanism will be set up. It will be headed on the Indian side by the External Affairs Minister and on the Chinese side by the State Council and Foreign Minster Wang Yi and the first meeting of this P to P mechanism will be held this year,” he added

Updated: June 9, 2018 — 4:58 pm

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