India and China today agreed to step up their defence and security dialogue and work to take steps to ensure that the two countries achieve a 100 billion dollars trade target by 2015.
A decision to this effect was taken during Prime Minister Dr Manmohan Singh’s talks with his Chinese counterpart Wen Jibao on the sidelines of the Ri0+ 20 summit at Rio De Janeiro. Briefing reporters after the meeting, Foreign Secretary Ranjan Mathai said that during the discussion on trade and economic cooperation Prime Minister Manmohan Singh invited Chinese investment in infrastructure sector in India. He said India will commence rice exports to China soon
Mr. Mathai said Prime minister Manmohan singh raised the border issue during his talks. He said it was decided that the special representatives of the two countries who had been holding talks on the issue would submit a report on the developments so far by January next year.
The foreign secretary said that India would setup a inter ministerial group on its side while China would have an official team that would periodically exchange views on maritime issues relating to trade and security.