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India, China to further boost economic co-operation
Friday, October 17 2003 19:28 Hrs (IST)

Beijing: India and China on October 17 decided to intensify further their bilateral economic co-operation and speed up the implementation of the agreements signed during Prime Minister Atal Behari Vajpayee's historic visit to Beijing in June 2003.

This and other issues of common interest were discussed when Union Commerce and Industry Minister Arun Jaitely called on Chinese Vice Premier Wu Yi on October 17, official sources said.

Jaitely, who visited Beijing to inaugurate the biggest-ever 'Made in India' industrial exposition, had a 45- minute meeting with the senior Chinese leader, who oversees the Communist nation's commercial and business interests.

"The two sides took note of the commitments made at the highest level and its implementation", one official said, adding that ways to increase the volume of trade and investment between India and China were discussed at the meeting which was held at the Zhongnanhai leadership compound in Beijing.

Wu, a member of the Politburo Central Committee of the ruling Communist Party, noted that China has submitted its list of members of the Joint Study Group (JSG), which was proposed during Vajpayee's visit.

Jaitley said the Indian side would soon nominate its team that will jointly examine the potential complementarities and also draw up a programme for the development of India-China trade and economic co-operation for the next five years.

PTI

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