{"id":30321,"date":"2018-10-26T15:22:28","date_gmt":"2018-10-26T09:52:28","guid":{"rendered":"https:\/\/blog.forumias.com\/?p=30321"},"modified":"2018-10-26T15:22:28","modified_gmt":"2018-10-26T09:52:28","slug":"india-china-plan-fta-breakthrough","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/india-china-plan-fta-breakthrough\/","title":{"rendered":"India, China plan FTA breakthrough"},"content":{"rendered":"<p><a href=\"http:\/\/www.thehindu.com\/todays-paper\/tp-national\/india-china-plan-fta-breakthrough\/article23359221.ece\"><strong>India, China plan FTA breakthrough<\/strong><\/a><\/p>\n<p><strong>What has happened?<\/strong><\/p>\n<p>Commerce Minister Suresh Prabhu and his Chinese counterpart, Zhong Shan, met here on Monday for the first high-level contact between both sides that decided to \u201creset\u201d their ties this year in the run-up to a Xi-Modi summit meeting in China.<\/p>\n<p><strong>Background<\/strong><\/p>\n<p>1th meeting of the India-China Joint Group on Economic Relations, Trade, Science and Technology (JEG)<\/p>\n<p><strong>Improving economic ties with China<\/strong><\/p>\n<p><strong>Growth in bilateral trade:<\/strong>In 2017, the bilateral trade reached $84.4 billion, registering a growth of 20.3% from the year before and a record high<\/p>\n<p><strong>Import with China increased:<\/strong>China\u2019s import from India soared by 40%, helping ease the bilateral trade imbalance<\/p>\n<p><strong>Consensus Reached in the meeting on following points<\/strong><\/p>\n<p><strong>Mutual co-operation on OBOR and Indian development initiatives:<\/strong> The two sides would jointly promote the synergy between China\u2019s Belt and Road initiative and India\u2019s development strategies, including the \u201c15-year Development Agenda\u201d, \u201cMake in India\u201d and \u201cDigital India\u201d to deepen mutually-beneficial cooperation and share development experience<\/p>\n<p><strong>Promotion of Indian exports to China:<\/strong> The two sides would promote India\u2019s exports to China so as to address the trade imbalance between the two countries<\/p>\n<p><strong>Special Working Group:<\/strong> The two sides agreed to set up a special working group to draw a road map for developing two-way trade<\/p>\n<p><strong>RCEP agreement:<\/strong>Both sides would demonstrate flexibility to reach at an early date a modern, comprehensive and mutually beneficial RCEP agreement of high standards.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>India, China plan FTA breakthrough What has happened? Commerce Minister Suresh Prabhu and his Chinese counterpart, Zhong Shan, met here on Monday for the first high-level contact between both sides that decided to \u201creset\u201d their ties this year in the run-up to a Xi-Modi summit meeting in China. Background 1th meeting of the India-China Joint&hellip; <a class=\"more-link\" href=\"https:\/\/forumias.com\/blog\/india-china-plan-fta-breakthrough\/\">Continue reading <span class=\"screen-reader-text\">India, China plan FTA breakthrough<\/span><\/a><\/p>\n","protected":false},"author":61,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[555],"tags":[],"class_list":["post-30321","post","type-post","status-publish","format-standard","hentry","category-test-1","entry"],"jetpack_featured_media_url":"","views":{"total":0,"cached_at":"","cached_date":1704914179},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/30321","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/61"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=30321"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/30321\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=30321"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=30321"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=30321"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}