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May 21, 2013

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China, India in pledge to resolve border dispute

The Chinese and Indian premiers yesterday pledged to resolve a border dispute that has soured ties for decades, saying good relations between the two Asian giants were key to world peace.

China and India will study new ways to ease tensions on their border, Chinese Premier Li Keqiang said in New Delhi.

The Chinese premier offered India a "handshake across the Himalayas" and said the world's most populous nations could become a new engine for the global economy if they could avoid friction on the border.

"Both sides believe that we need to improve the various border-related mechanisms that we have put into place and make them more efficient. We need to appropriately manage and resolve our differences," Li said at a joint news conference with India's Prime Minister Manmohan Singh.

Singh said he had agreed with Li to make a new push to settle the long-running border row, pledging his commitment to "peace and tranquillity."

"We agreed that our special representatives will meet soon to continue discussions seeking an early agreement on a framework for a fair, reasonable and mutually acceptable boundary settlement," Singh said. "Peace and tranquillity on our border has to be preserved."

Li said the most important outcome of his talks with the Indian leader is that they reached strategic consensus and deepened strategic trust.

The Chinese premier said: "World peace and regional stability cannot be a reality without strategic mutual trust between India and China. And likewise, the development and prosperity of the world cannot be a reality without the cooperation and simultaneous development of China and India."

Li said he chose New Delhi as the first destination on his four-nation tour to show how important India is for China and also as he had fond memories of visiting it nearly 30 years ago.

The long-running border dispute gets in the way of improving economic relations between the neighbors, who account for 40 percent of the world's population and whose fast-growing markets stand in contrast to the West's stagnation.

The two countries signed agreements yesterday on a range of issues from agriculture to tourism and trade.

There was also an agreement to resolve a dispute over a Chinese plan to build three more hydropower dams across the cross-border Brahmaputra river, known in China as the Yarlung Tsangpo.

India's Essar Group conglomerate is set to sign a US$1 billion loan deal with China Development Bank and China's largest oil and gas producer PetroChina during Li's visit, sources said.





 

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