ISLAMABAD – Indian Prime Minister Narendra Modi and Chinese President XiJinping on Saturday agreed to set up a new mechanism for issues relating totrade and investment and felt the two countries should cooperate onimportant regional and global issues.
President Xi has said that China is ready to take concrete measures toreduce trade deficit, Foreign Secretary Vijay Gokhale told reporters at abriefing on the outcome of the second informal summit between the twoleaders in this coastal town.
Building on the ‘Wuhan spirit’, the prime minister spoke of “Chennaiconnect” for a new era of cooperation between India and China, he said.
Gokhale said a new mechanism will be set up for issues relating to tradeand investment.
President Xi has assured that India’s concerns over Regional ComprehensiveEconomic Partnership (RCEP) will be discussed, he said.
Both Modi and Xi emphasised on importance of having rules-based globaltrading system, he said, both leaders felt that the two countries shouldcooperate on important regional and global issues
Read Top Stories
Xi also talked about the need for enhancing defence cooperation, Gokhalesaid.
Both Xi and Modi said the two countries need to look to the future. The twoleaders agreed that both countries should work together to deal with thechallenge of terrorism, Gokhale said.
Replying to a query, he said Kashmir issue was not raised and discussed atthe informal summit.
Prime Minister Modi had around five-and-half hours of one-on-one talks withChinese President Xi Jinping spread over two days. It was followed bydelegation level talks.
