After the informal summit between Prime Minister Narendra Modi and Chinese President Xi Jinping, the foreign secretary Vijay Gokhale gave a summary of the things the two leaders discussed during the informal summit. The Foreign Secretary said the summit was 'successful'.
The Foreign Secretary also said, that the Chinese President Xi Jinping was happy with the summit and also invited Prime Minister Narendra Modi for the next round of 'Informal' summit in China. According to the foreign secretary, the Prime Minister has accepted the invitation.
"President Xi has invited Prime Minister to China for the next informal summit. This will obviously be at a mutually agreed time, the Prime Minister has accepted the invitation with pleasure," he said.
The Foreign Secretary also said the leaders agreed that strategic relations have deepened, and they should be continued. Both the leaders have agreed that 'informal summit' provides a very good platform for leaderships to engage. The President also agreed that we should continue the informal summit between India and China.
The Foreign Secretary also said China has agreed to discuss ways to reduce the trade deficit and also agreed to take steps to reduce the deficit. New mechanism will be developed to discuss trade and finance between the two countries. The Foreign Secretary also said, both the leaders have agreed that a new mechanism is needed to discuss trade and finance.
"The new mechanism would be developed to discuss trade and finance, this will be at an elevated level. From the Chinese side, it would be the vice premier and from the Indian side, it would be the Finance Minister of India Nirmala Sitharaman. The decision of how these channels would be started would be done through diplomatic means," said the foreign secretary.
The foreign secretary also confirmed that President Xi also welcomed Indian investments in China in the IT and pharmaceutical sector.
"The leaders also agreed that through these channels they could explore 'manufacturing' partnerships. PM Modi suggested both sides could identify certain markets where manufacturing could be explored to enhance markets on both sides," he said.
Foreign Secretary also confirmed that President Xi raised the point of discussing more on the defence side, to enhance trust between two militaries. The leaders also discussed climate change and the responsibilities, each government is undertaking.
"They have also proposed an invitation for defence minister Rajnath Singh to visit China for the same purpose. The two leaders also discussed people to people relations. For this regard they also agreed to celebrate the 70th anniversary of India-China relations and 35 events would be celebrated on each side," he said.