India and China have called for early conclusion of IMF quota reforms. They gave the call in the joint statement issued at the end of sixth Financial Dialogue between the two countries in Beijing. The annual dialogue was held on wednesday and Thursday ahead of Prime Minister Dr.Manmohan Singh's proposed visit to Beijing next month.
The statement said the two sides agreed to intensify cooperation with other BRICS nations to push for reforms in international institutions. They will also work for implementation of the commitment to implement IMF Quota and Governance Reforms. The statement said India and China want greater international coordination on economic policies, particularly in the implementation of policy measures adopted by the G20 to boost growth and employment for promoting strong, sustainable and balanced growth of the world economy.
The seventh India China Financial Dialogue will be held in New Delhi next year.
India and China are to hold talks on a new border agreement in Beijing tomorrow. The talks will held by a key Sino-Indian group on border matters called ” Working Mechanism for Consultation and Coordination on China – India Border Affairs”. The meeting comes ahead of Prime Minister Manmohan Singh's visit next month and also against the backdrop of several incursions by Chinese troops along the Line of Actual Control.
The two sides are expected to discuss the proposed Border Defence Cooperation Agreement – BDCA. The agreement aims at more comprehensively dealing with tensions related to patrolling by both sides along the Line of Actual Cpntrol. The BDCA agreement is expected to be signed during Prime Minister Singh's visit to Beijing next month.
The mechanism, headed by Foreign Ministry officials of
both countries, was helpful in dealing with tensions arising
from the presence of Chinese troops at Depsang valley in
Ladakh region this year. The impasse was subsequently resolved when the Chinese troops withdrew.
India and China have held 16 rounds of Special Representatives' talks to resolve the boundary dispute so far.
