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 India and China set $100bn trade target by 2015

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RR Phantom

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India and China set $100bn trade target by 2015 Vide
PostSubject: India and China set $100bn trade target by 2015   India and China set $100bn trade target by 2015 Icon_minitimeThu Dec 16, 2010 4:48 am
Indian and China have agreed a new $100bn (£66bn) bilateral trade target by 2015, up from $60bn (£38bn) in 2010.

The two sides agreed to take measures to promote greater Indian exports to China to reduce India's trade deficit.

Companies have already signed business deals worth $16bn (£10.2bn) on the opening day of Chinese PM Wen Jiabao's three-day official visit to India.

The latest of a number of world leaders to visit India, Mr Wen is accompanied by some 400 Chinese business leaders.

China is India's largest trading partner.

A joint communique signed by the two sides on Thursday said that they had agreed to expand co-operation in infrastructure, environment, information technology, telecommunications and investment and finance.

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