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Commerce Ministers of India and China meet despite the standoff

Despite the standoff between the armies of India and China in Bhutan border for over one month, Commerce Ministers of both the countries met at the sidelines of the BRICS Trade Ministers meeting on August one.

Commerce Minister Nirmala Sitharaman and her Chinese Counterpart Zhong Shan met in Shanghai on the sidelines of the 7th BRICS Trade Ministers' meeting.

Nirmala Sitharaman stressed India's case for reducing the trade deficit, facilitating greater market access and for providing a level playing field for Indian IT, pharmaceuticals and agro products in China.

The Chinese minister accepted an invitation by Nirmala Sitharaman to visit India to attend the upcoming meeting of the 11th Joint Economic Group (JEG) which will take place later this year.

At the bilateral meeting, both ministers underscored the existing complementarities between the fastest growing large economies of India and China and agreed to further intensify efforts to realise the full potential of their mutually beneficial cooperation," the Indian consulate in Shanghai said in a statement.

The two ministers exchanged views "in a candid manner" on further development of a strong, balanced and sustainable trade and investment partnership between India and China, the statement said.

They also agreed to further intensify India-China cooperation in plurilateral and multilateral frameworks such as World Trade Organization, BRICS and Shanghai Cooperation Organization.


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