Wen Jiabao, China's head of Government and Cabinet Leader, recently visited India betweenn 15-17 December 2010. The Visit is intended to increase the trade between the two emerging nations.
Highlights of the visit:
- A number of agreements were signed in the fields of Green technology, exchange of hydrological data of common rivers, media exchanges, cultural exchanges and banking sectors.
- A MoU was signed between RBT and Chinese Bank Regulatory Commission to increase banking and financial co-operation.
- Export-Import Bank of India and China has also signed a MoU.
- India and China have agreed a $100 Billion trade target by 2015, increasing the current trade of $60 Billion.
- The two sides signed a joint venture communique and had agreed to expand co-operation in infrastructure, telecommunications, and investment & finance.
- The two countries signed some 50 deals in power,steel, wind energy, telecommunications, marine products and food worth $16 Billion.
Finally the two countries declared 2011 as the "YEAR OF INDIA-CHINA EXCHANGE".
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