December 15, 2010 6:49 PM

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Chinese Premier Jiabao’s visit to promote India-China cooperation

Strengthening people to people contact is the key to take forward the bilateral partnership. It is in this back drop , the decision of introducing Chinese in CBSC schools up to 8th class from next year is of prime importance. It will help minimise the barriers between the people of the two countries. The two countries need to take a leaf from American philosopher Ralph Waldo Emerson and study each other like science, law. This will pave the way for greater business exchanges and high volume of trade. China on its part has mooted the idea of a free trade agreement to enhance trade volume but Indian business community has still some apprehensions. India needs heavy Chinese investment especially in infrastructure sector on which the country plans to spend over 1 trillion us dollars in the next five years. New Delhi has so far signed free trade pact with 10-member ASEAN region, South Korea, Singapore and Sri Lanka while a similar pact with European Union, Japan and Malaysia is in the offing. The trade agreement with China may materialise only after trade imbalances are removed and both the countries remain sensitive to each others core concern's. It is expected that the present visit will be mile stone towards that direction. Ahead of talks, pacts worth 16 billion US dolllars were finalised on Wednesday on infrastructure and other sectors. These agreements were given the final touches following a meeting between the Trade ministers of the two countries in New Delhi on Wednesday.The two countries also decided to sign a Memorandum of Understanding for free flow of information and medical techniques with China Pharmaceutical Industry Association early next year. Secretary General IDMA Mr. Daara Patel said that the present medical trade between the two countries is pegged at 3.1 Billion Dollars. He added that the memorandum will make sharing of the information and manufacturing techniques easier that will further enhance the trade cooperation between the two countries. The Chinese Premier will be accorded ceremonial reception at the forecourt of Rashtrapati Bhavan on Thursday. Later he will address Indian Council of World Affairs, spelling out his vision on India China relations. During his stay in New Delhi he will exchange views with other Indian leaders to strengthen bilateral partnership.

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