India,China pledge to resolve border dispute through talks

Noting that resolution of the boundary question is one of the ten-pronged strategies agreed by leaders of the two countries,the leaders decided that pending its resolution,the two sides shall work together to maintain peace and tranquillity in the border areas in line with the previous agreements.

The two sides also noted the good cooperation between China and India in the field of trans-border rivers with the Indian side appreciating the assistance provided by the Chinese side on the flood-season hydrological data and emergency management.

Underlining their unequivocal opposition to terrorism in all its forms and manifestations,the two countries stressed that there is no justification for any act of terrorism anywhere.

“They committed themselves to countering terrorism through joint efforts that include disrupting the financing of terrorism,” the statement said.

Recognizing common interests and similar concerns on major regional and international issues,the two sides decided to enhance their coordination and cooperation in multilateral forums.

But China stopped short of endorsing India’s bid for a permanent seat in the United Nations Security Council (UNSC).

“China attaches great importance to India’s status in international affairs as a large developing country,understands and supports India’s aspiration to play a greater role in the United Nations,including in the Security Council,” the statement said.

China also welcomed India’s election to non-permanent membership of UN Security Council during 2011-2012 and both countries agreed to deepen consultation within the Council.

India and China agreed to further broad-base and balance trade and economic cooperation and identify new opportunities to realise the vast potential for future growth.

Both sides agreed to raise the bilateral trade to USD 100 billion by 2015,step up investments and permit banks of other countries to open branches and representative offices.

China agreed to support Indian participation in its national and regional trade fairs,enhance exchange and cooperation of pharmaceutical supervision and expedite completion of phytosanitary negotiations on agro products.