Vladimír Urbánek (Kurzy.cz)
Finance  |  December 16, 2010 13:28:12

China and India promise to increase bilateral trade to 100 mld.USD to 5 years

Premiers of China and India, Wen Jiabao and Manmohan Singh after talks today issued a statement in which both countries promised to increase efforts to promote bilateral trade, so that within 5 years the total volume of about 100 per mld.USD. The aim of both countries to promote investment and the opening of the Indian banking sector to increase exports to China.

The current volume of mutual trade reaches about 60 mld.USD. Before about 10 years ago, moved the equivalent of only around 3 mld.USD.

Chinese Prime Minister "had brought" orders from Chinese enterprises in total 16 mld.USD. Among the largest are the order for the purchase of coal worth 8.3 mld.USD for Chinese power plants managed by Shanghai Electric Group and Reliance Group.

Both countries have expressed interest in joint efforts for peace around the problematic border in the Himalayas and the common approach in the fight against terrorism.

The Chinese premier also dismissed the relationship as the former rivalry between the Asian elephant and the dragon. According to his words in the world is enough space for the development of both countries.

The Chinese visit came just six weeks after a similar visit by U.S. President Obama and just a week before the visit of Russian President Medvedev. It shows all participating keen on India and the opportunity to participate in its expected development.

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Čína s Indií si slibují růst vzájemného obchodu na 100 mld.USD do 5 let

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