India-China sign total 12 agreements, including 5 years economic and trade development plan

By FnF Correspondent | PUBLISHED: 19, Sep 2014, 12:46 pm IST | UPDATED: 19, Sep 2014, 12:59 pm IST

New Delhi: During Chinese President Xi Jinping India visit, India and China exchanged 12 documents, including one on five years economic and trade development plan.

An agreement on audio visual co-production, two documents on railways, another document on work plan for drug administration and an MoU on culture were exchanged between the two countries.

An MoU on peaceful use of outer space and a twinning agreement between Shanghai and Mumbai were also signed.

Prime Minister Narendra Modi said that Chinese President Xi Jinping has assured that he will take concrete steps to correct the trade imbalance and give more market access and investment in China.

Modi has invited Chinese investments especially in Infrastructure. China has committed to invest $20 billion in five years. Concrete steps on railways were also discussed between Modi and Jinping.

Narendra Modi said that China has agreed to allow new route from Nathula to Kailash Mansarovar. This will also be usable during rains.

Prime Minister has expressed concerns over what happened at the borders. Both of them discussed openly and touched on difficult issues, he said, adding that boundary issues will sorted out soon.

Modi told the Chinese President that clarification on line of control can help. He says that this has been stopped for several years and should begin again.

Prime Minister added that in connection with regional connecivity, the BCIM (Bangladesh, China, India and Myanmar) trade corridor was also discussed.

List of Documents signed during the State Visit of Chinese President Xi Jinping to India

S.N.	Name of Agreement/MoU	Indian Signatory	Chinese Signatory	Remarks
1	Memorandum of Understanding between the Ministry of External Affairs of the Republic of India and the Ministry of Foreign Affairs of the People`s Republic of China on Opening a New Route for Indian Pilgrimage (Kailash Mansarovar Yatra) to the Tibet Autonomous Region of the People`s Republic of China	External Affairs Minister Smt Sushma Swaraj	Foreign Minister Mr. Wang Yi	The MoU provides for conducting the annual Kailash Manasarovar Yatra through Nathula Pass in Sikkim addition to the existing Lipulekh Pass in Uttarakhand. The route through Nathula will augment the capacity and reduce the hardship and journey time enabling many more pilgrims in particular aged pilgrims to undertake the Yatra.
2	Memorandum of Understanding between Ministry of Railways of the Government of Republic of India and the Government of People’s Republic of China on strengthening cooperation in Railways	Chairman, Railway Board Shri Arunendra Kumar	Administrator, National Railway Administration Mr. Lu Dongfu	Under the MoU, both sides have agreed to enhance cooperation in the Railway sector in following areas: (i)speed-raising, (ii)studying feasibility of cooperation in High-Speed Railways, (iii)Heavy-Haul transportation training of Indian Railway personnel, (iv)Redevelopment of Railway stations, (v)setting up of a Railway University in India, etc.
	Action Plan between Ministry of Railways of the Government of Republic of India and the National Railway Administration of the Government of People’s Republic of China on strengthening cooperation in Railways	Chairman, Railway Board Shri Arunendra Kumar	Administrator, National Railway Administration Mr. Lu Dongfu	It provides specific projects for cooperation in railway sector.
4	Five year Trade and Economic Development Plan between Ministry of Commerce and Industry of the Government of the Republic of India and the Ministry of Commerce of the Government of the People’s Republic of China	Minister of State (I/C) for Commerce and Industry Smt. Nirmala Sitharaman	Minister of Commerce Mr. Gao Hucheng	It lays down a medium term roadmap for promoting balanced and sustainable development of economic and trade relations between China and India, on the principle of equality and mutual benefit. The main objectives of the plan are : (i) reduction of bilateral trade imbalance; (ii) strengthen investment cooperation to realize US$ 20 billion investment from China in 5 years; (iii) a transparent, stable and investor friendly business environment; and (iv) enhanced cooperation between Chambers of Commerce and financial sectors.
5	Agreed Minutes of the Tenth Session of India-China Joint Economic Group	Minister of State (I/C) for Commerce and Industry Smt. Nirmala Sitharaman	Minister of Commerce Mr. Gao Hucheng	The tenth Session of the India-China Joint Group on Economic Relations, Trade, Science and Technology (JEG) was held in Beijing on 2nd September 2014. Both sides held detailed discussions on issues to promote broad and deep bilateral trade and economic cooperation between India and China and agreed to undertake measures to achieve sustainable and balanced trade. Specific measures to enhance market access to Indian products such as agricultural, pharmaceutical and export of services will be expedited.
6	Agreement on Audio-Visual Co-production between The Ministry of Information and Broadcasting of the Republic of India and the State Administration of Press, Publication, Radio, Film and Television of The People`s Republic of China	Minister of State (I/C) for Information and Broadcasting Shri Prakash Javadekar	Minister, State General Administration of Press, Publication, Radio, Film and Television Mr. Cai Fuchao	The Agreement would enable the producers from both countries to get an opportunity to pool their creative, artistic, technical, financial and marketing resources to co-produce films. It would held Indian audio-visual products to gain greater market access.
7	Agreement between the Government of the Republic of India and the Government of the People’s Republic of China On mutual administrative assistance and co-operation in Customs matters	Chairperson,Central Board of Excise and Customs, Smt J.M.Shanti Sundharam	Ambassador of China to India, Mr.Le Yucheng	The Agreement will help in enhancing cooperation to fight trans-border economic crimes and custom offences through sharing of information. It would also facilitate trade through enhanced customs cooperation.
8	Memorandum of Understanding between Indian Space Research Organisation and China National Space Administration on Cooperation in the Peaceful use of Space	Chairman, Indian Space Research Organisation, Dr. K. Radhakrishnan	Vice Administrator, China National Space Administration, Ms. Zhang Jianhua	The MoU enables both sides to encourage exchange and cooperation in the exploration and use of outer space for peaceful purposes, including Research and development of scientific experiment satellites, remote sensing satellites and communications satellites.
9	Memorandum of Understanding between the Ministry of Culture of the Republic of India and the Ministry of Culture of the People’s Republic of China on Strengthening the Exchange and Cooperation between Cultural Institutions	Secretary, Ministry of Culture, Shri Ravindra Singh	Ambassador of China to India, Mr. Le Yucheng	This MOU is intended to foster long-term collaboration between various cultural institutions of the two countries. These cultural institutions include museums, archaeological organizations and performing art centers.
10	Memorandum of Understanding on Cooperation between National Book Trust of the Republic of India and the State Administration of Press, Publication, Radio, Film and Television of The People`s Republic of China	Director, National Book Trust Dr. M. A. Sikandar	Minister, State General Administration of Press, Publication, Radio, Film and Television Mr. Cai Fuchao	Both sides have agreed that China will participate in the New Delhi World Book Fair 2016 as the Guest of Honour Country. The Agreement will help provide greater access to their nationals of publications of the other side.
11	Work Plan on Drug Administration and Cooperation Between China Food and Drug Administration of the People’s Republic of China And Ministry of Health & Family Welfare of the Republic of India	Secretary, Ministry of Health and Family Welfare Shri Lov Verma	Ambassador of China to India Mr. Le Yucheng	Under the work plan, the two sides will carry out cooperation in fields of drug standards, traditional medicine and drug testing, etc. Both sides will exchange delegations to enhance cooperation in this area.
12	Agreement on establishing Sister City relationship between Mumbai and Shanghai	Mayor of Mumbai Smt. Snehal Ambekar	Executive Vice Mayor of Shanghai, Mr. Tu Guangshao	Establishes Sister-City relations between Mumbai and Shanghai. It will enhance people-to-people exchanges fostering greater mutual understanding.
13	Agreement on establishing Sister City relationship between Ahmedabad and Guangzhou (Signed in Gujarat)	Municipal Commissioner, Ahmedabad Municipal Corporation Dr. Guruprasad Mohapatra	Mayor of Guangzhou, Mr. Chen Jianhua	Establishes Sister-City relations between Ahmedabad and Guangzhou. It will enhance people-to-people exchanges fostering greater mutual understanding.
14	Agreement on establishing Sister Province/State relationship between Gujarat and Guangdong (Signed in Gujarat)	Chief Secretary, Government of Gujarat Dr. Varesh Sinha	Executive Vice Governer of Guangdong Province, Mr. Xu Shaohua	Establishes Sister-Province/State relations between Gujarat and Guangdong. It will enhance people-to-people exchanges fostering greater mutual understanding.
15	Memorandum of Understanding between Maharashtra Industrial Development Corporation and Beiqi Foton Motor Co.Ltd. on supporting the setting up of industrial parks in Maharashtra	hief Executive Officer, Maharashtra Industrial Development Corporation Shri Bhushan A. Gagrani	Chief Executive Officer, Beiqi Futon Motor Co.Ltd. Mr.Wang Jinyu	The MoU would lead to setting up of a 1250 acre Industrial Park near Pune, Maharashtra, providing cluster-type development and generation of employment for a large number of people.
16	Memorandum of Understanding between China Development Bank Corporation and iNDEXTb on supporting the setting up of industrial parks in Gujarat (Signed in Gujarat)	Chairman, Industrial Extension Bureau, Gujarat Smt. Mamta Verma	Vice President,China Development Bank, Mr. Zhao Xiaoyu	The MoU would lead to setting up of Industrial Parks in Gujarat with the support of Chinese enterprises and provide a platform for cluster development and generate employment for a large number of people.