India, China To Discuss FTA, Trade Issues Today

Beijing, July 25 | Updated: Jul 26 2004, 06:06am hrs
India and China will discuss the possibility of signing a free trade agreement (FTA) and ways to step up bilateral trade and investment when officials and experts from the two sides meet on Monday in New Delhi for a second time in four months.

At their first meeting here on March 22, the Sino-Indian joint study group (JSG) on trade and economic cooperation had initiated measures to discuss the possibility of signing a free trade agreement (FTA) and comprehensive economic cooperation agreement (ceca).

At the second meeting, both sides are expected to carry forward the discussions they had in Beijing and explore the possibility of encouraging cooperation between the business communities of both sides, official sources said here.

The mandate of the JSG was given by the Prime Ministers of India and China in June, 2003.

The JSG compose of officials and economists, who are empowered to examine the potential complementarities between India and China, the worlds two fastest-growing economies, and suggest expanded trade and economic cooperation.

PTI