India, China Decide To Inject New Momentum In Trade Ties

[JANASENA]

NEW DELHI: India and China on Sunday decided to inject new momentum in their economic ties with both countries pushing for exploring "untapped opportunities" including setting up of industrial parks to take the bilateral trade beyond existing $65 billion annually. 

In their meeting, external affairs minister Sushma Swaraj and Chinese foreign minister Wang Yi deliberated extensively on economic engagement between the two countries and agreed to intensify business and trade relations. 

Both the leaders discussed deepening of engagement in specific sectors as well as projects and removing hurdles to spur the trade activities. 

"There was also a fairly long discussion on economic issues. These included specific projects, trajectory of economic ties, potential for tapping opportunities as well as the hurdles being faced in pursuing enhanced economic cooperation," spokesperson in the ministry of external affairs said.