Latest news with #border trade
Arab News
4 days ago
- Business
- Arab News
Chinese FM Wang Yi to visit India for border talks
BEIJING: China's top diplomat will visit India next week for talks about their shared boundary, Beijing's foreign ministry said on Saturday, as the two countries consider resuming border trade after a five-year halt. Foreign Minister Wang Yi will visit India on Delhi's invitation from Monday until Wednesday for 'the 24th special representatives meeting on the China-India border issue,' a spokesperson said in a statement. Past trade between the neighbors across icy, high-altitude Himalayan border passes was usually small in volume, but any resumption is significant for its symbolism. It stopped following a deadly 2020 clash between border troops. Indian media reported this week that Wang was expected for talks in New Delhi on Monday. He will meet Indian national security adviser Ajit Doval, New Delhi's foreign ministry confirmed in a statement on Saturday. Wang will also hold talks with his Indian counterpart Subrahmanyam Jaishankar, who visited Beijing in July, the statement said. The two major economic powers have long competed for strategic influence across South Asia. However, they have moved to mend ties after being caught up in global trade and geopolitical turbulence triggered by US President Donald Trump's tariff blitz. Chinese and Indian officials have said in recent weeks that the two countries were discussing the resumption of border trade. Agreements to resume direct flights and issue tourist visas have also been seen as part of an effort to rebuild their relationship.
Malay Mail
4 days ago
- Business
- Malay Mail
China's top diplomat to visit India for border talks
BEIJING, Aug 16 — China's top diplomat will visit India next week for talks about their shared boundary, Beijing's foreign ministry said today, as the two countries eye resuming border trade five years after halting it. 'From August 18 to 20... (Chinese foreign minister) Wang Yi will upon invitation visit India and hold the 24th special representatives meeting on the China-India border issue,' a spokesperson said in a statement. Past trade between the neighbours across icy and high-altitude Himalayan border passes was usually small in volume, but any resumption is significant for its symbolism. It stopped following a deadly 2020 clash between border troops. Indian media had reported earlier in the week that China's Wang was expected for talks in New Delhi on Monday. His Indian counterpart Subrahmanyam Jaishankar visited Beijing in July. The two major economic powers have long competed for strategic influence across South Asia. However, caught in global trade and geopolitical turbulence triggered by US President Donald Trump's tariff regime, they have moved to mend ties. In recent weeks, Chinese and Indian officials have said the two countries were discussing resuming border trade. Agreements to resume direct flights and issue tourist visas also have been seen as part of an effort to rebuild their relationship. — AFP
Times of Oman
5 days ago
- Business
- Times of Oman
India, China in talks to resume border trade through all designated passes: MEA
New Delhi: India and China have resumed talks on border trade through all designated trade points after a five-year hiatus. The Ministry of External Affairs (MEA) on Thursday said that both countries are working to facilitate the resumption of trade through designated points, specifically: Lipulekh Pass in Uttarakhand, Shipki La Pass in Himachal Pradesh and Nathu La Pass in Sikkim. "This has been part of the India-China conversation in several of our meetings. We have remained engaged with the Chinese side to facilitate the resumption of border trade through all the designated trade points, namely Lipulekh Pass in Uttarakhand, Shipki La Pass in Himachal Pradesh, and Nathula Pass in Sikkim," MEA spokesperson Randhir Jaiswal said at the weekly briefing. These border trade points were established through bilateral agreements and have been closed since 2020 due to the COVID-19 pandemic and heightened tensions between the two nations. The talks are part of a broader effort to normalise relations between India and China, which have been strained since the deadly border clashes in Galwan Valley in 2020. India and China are also discussing the resumption of direct flights between the two countries. While the economic value of border trade is relatively small, its resumption would serve as a confidence-building measure to ease border tensions. The talks coincide with increased trade friction between India and the US, with the US imposing tariffs on Indian goods. Chinese Foreign Minister Wang Yi is scheduled to visit India on August 18 to hold border talks with National Security Adviser Ajit Doval. India and China have been working to improve their relationship in recent months, marked by several significant developments. High-level talks between the two countries have resumed, including meetings between Foreign Minister Wang Yi and India's External Affairs Minister S. Jaishankar. Prime Minister Narendra Modi and Chinese President Xi Jinping are expected to meet at the Shanghai Cooperation Organisation (SCO) summit in Tianjin, China, later this month. China officially welcomed Prime Minister Narendra Modi for the Shanghai Cooperation Organisation (SCO) Summit, which will be held in Tianjin at the end of this month. Addressing a press briefing in Beijing on Friday, Chinese Foreign Ministry spokesperson Guo Jiakun made this announcement, expressing optimism that the gathering would strengthen regional cooperation. "China welcomes Prime Minister Modi to China for the SCO Tianjin Summit. We believe that with the concerted effort of all parties, the Tianjin summit will be a gathering of solidarity, friendship and fruitful results, and the SCO will enter a new stage of high-quality development featuring greater solidarity, coordination, dynamism and productiveness," the Chinese Foreign Ministry spokesperson stated. China will host the SCO Summit in Tianjin from August 31 to September 1 this year, and leaders of over 20 countries, including all member states of the SCO, and heads of 10 international organisations, will attend relevant events as per the Chinese Ministry spokesperson.
CNA
6 days ago
- Business
- CNA
China and India in talks to revive border trade after five years as ties thaw
China and India are in talks to revive border trade after five years, amid rising US tariffs. This is the latest step aimed at easing tensions, after a deadly border clash in 2020 caused ties to plunge to their lowest in decades. Just this week, Indian carriers were reportedly told to resume direct flights to China as early as next month. Beijing has also relaxed export curbs on a key fertiliser ingredient to India. Chinese Foreign Minister Wang Yi is also expected to head to New Delhi for talks on Monday — his first visit in more than three years. Ishan Garg reports from New Delhi.
CNA
6 days ago
- Business
- CNA
India and China eye border trade resumption
NEW DELHI: India and China are discussing resuming border trade five years after it was halted, foreign ministry officials on both sides have said, as US tariffs disrupt the global trade order. Past trade across the icy and high-altitude Himalayan border passes between the neighbours was usually small in volume, but any resumption is significant for its symbolism. The two major economic powers have long competed for strategic influence across South Asia. But caught in global trade and geopolitical turbulence triggered by US President Donald Trump's tariff regime, the countries have moved to mend ties. Chinese Foreign Minister Wang Yi is expected for talks in New Delhi on Monday (Aug 18), according to Indian media, after his counterpart Subrahmanyam Jaishankar visited Beijing in July. That, as well as agreements to resume direct flights and issue tourist visas, has been seen as an effort to rebuild a relationship damaged after a deadly border clash in 2020 between their nations' troops. "For a long time, China-India border trade cooperation has played an important role in improving the lives of people living along the border," China's foreign ministry said in a statement to AFP on Thursday. It added that the two sides have "reached a consensus on cross-border exchanges and cooperation, including resumption of border trade". New Delhi's junior foreign minister, Kirti Vardhan Singh, told parliament last week that "India has engaged with the Chinese side to facilitate the resumption of border trade". Successive US administrations have seen India as a longstanding ally with like-minded interests when it comes to China. India is part of the Quad security alliance with the United States, as well as Australia and Japan. But ties between New Delhi and Washington have been strained by Trump's ultimatum for India to end its purchases of Russian oil, a key source of revenue for Moscow as it wages its military offensive in Ukraine. The United States will double new import tariffs on India from 25 per cent to 50 per cent by Aug 27 if New Delhi does not switch crude suppliers. Prime Minister Narendra Modi, according to Indian media, might also visit China in late August. It would be Modi's first visit since 2018, although it has not been confirmed officially.
