China India

During the visit both the nations shared the common vision of pushing through the Strategic Cooperative Partnership between the two nations. Both the premiers of the two countries agreed to promote building a cordial environment having peace and prosperity.

The economic and trade relations between the two nations is on a fast pace and the bilateral trade has surpassed dollar 51 billion mark in 2008 which is a neat 34% increase from 2007. The security and defense have also been an agenda in maintaining bilateral relations. The ?Join Hands 2008? was a joint army exercise that was successfully conducted in India ? the subject being combating terrorism. The bilateral relations between the international and regional affairs were also strengthened. Issues such global warming and eventual climate change, Doha round talks and international recession and financial crisis were also discussed amicably. Both the nations worked in a manner that they could get positive results at the G-20 meeting in Washington. The G-20 meeting was successful for both the nations and they could collect substantial amount of money.

According to President Hu Jintao, the bilateral relations between the countries are at their best. The two countries have agreed to carry out exchange programs in which the government sectors and political parties will be exchanging their views and cooperation. Even the youth of the two countries will be visiting the nation under the exchange programs. The dialogues on foreign policies, defense and security and on anti terrorism will be continued. One fascinating outcome of the whole process is that the countries are going to hold China Festival in India and India Festival in China. The celebrations will take place in 2010. The two nations have also decided to work closely on the Asian affairs.

There are certain points where both the nations have to work out in a better way. For example the number of tourists in both countries was limited to 570,000 which actually stand at a mere 0.02% of the total population of both the countries. The technical and visa constraints have to be lifted.

Both the nations are emerging economies; hence they both have extensive potential to develop further. They have to improve their trade imbalance and increase the investment levels. China accounts for a total of 0.03% of the total foreign investment in India. This level should be increased in order to create favorable ambience.

The best way to enhance the relationship and bilateral relations is to politically trust each other. Reinforcement of the exchange programs especially in the academic side, NGO?s and media, will bring about a lot of positive results. The two countries share a common interest concerning various important issues.

Since both the economies have received recognition on the international level for their efforts to sustain and contain the current global crisis, they should further talk in strengthening the cooperation between them.

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