India, China to set up hotline to boost trade
India and China will set up a hotline between their foreign ministers next week when Chinese Foreign Minister Li Zhaoxing undertakes a visit here to work out a roadmap for implementation of the 10-point action plan to enhance strategic cooperation.
By PTI |
NEW DELHI: India and China will set up a hotline between their foreign ministers next week when Chinese Foreign Minister Li Zhaoxing undertakes a visit here to work out a roadmap for implementation of the 10-point action plan to enhance strategic cooperation.
Li will hold talks with External Affairs Minister Pranab Mukherjee on entire gamut of bilateral relations in the follow-up to President Hu Jintao's successful visit here in November.
Besides deciding on establishment of the hotline, the two sides are also expected to agree on enlarging the basket of items for trade through Nathula border and identify ways and means to step up bilateral commerce to achieve the target of $40 billion by 2010.
The bilateral trade between India and China has zoomed to $24 billion last year from a paltry $2.7 billion in 2000. Discussions will also be held on the proposed Regional Trade Agreement and draw a time-table for exchanges between the two ministries.
"The decision on the hotline will be announced during the visit of the Foreign Minister here," Chinese Ambassador to India Sun Yuxi told reporters here last evening. Li will undertake a four-day visit to India from February 11.
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