PM conveys trade deficit concern to Wen

Nov 20, 2012 |

Phnom Penh

Prime Minister Manmohan Singh on Monday invited Chinese investments in the infrastructure sector while conveying India’s concerns over trade imbalance to his counterpart Wen Jiabao, who said this could be addressed “gradually”.
India and China will be holding the second Strategic Economic Dialogue (SED) in Delhi later in November with an aim of enhancing business engagement between the two of the fastest growing economies, significantly at a time when the western world is facing crisis.
After the SED, a date will be decided for the next round of talks between special representatives of the two countries on boundary and other issues, to be held in China shortly.
At the 40-minute meeting here on the sidelines of Asean Summit, the two leaders discussed a wide range of subjects including economic cooperation, boundary issue, defence, maritime security, besides international matters.
Both the leaders agreed that there is enough space for both India and China to develop while expanding cooperation between them side by side. Wen said this was the guiding principle of his country’s approach towards India.
“The economic engagement was given a great deal of importance by the Prime Minister.”

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