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Russia, China most important partners- India PM
October 20, 2013, 5:53 am

Developments on the BRICS Bank work, largely credited as the Indian Prime Minister's initiative, and greater BRICS cooperation will be discussed during Singh's visit to the two countries [AP]

Developments on the BRICS Bank will be discussed during Singh’s visit to the two countries [AP]

Indian Prime Minister Manmohan Singh has said China and Russia are India’s “most important partners”, and the three nations have to guard “common strategic interests”.

In a statement prior to his departure for Moscow and Beijing, Singh said India is keen on deepening cooperation with Russia on “international issues”.

“India and Russia have always had a convergence of views on global and regional issues, and we value Russia’s perspective on international developments of mutual interest. I look forward to exchanging views with President Putin on a broad range of international developments, including the conflict and turbulence in West Asia as also closer to India, particularly in Afghanistan,” he said.

Singh will attend the 14th Russia-India annual summit at the invitation of Russian President Vladimir Putin in his first stop Moscow.

India and Russia share traditional ties with cooperation in defence, nuclear energy, science and technology, hydrocarbons, trade and investment.

The Indian prime minister also said he is keen on continuing discussions with the new leadership of China during the next leg of his trip.

“China is our largest neighbour and one of our top trading partners. In my last 9 years in office as Prime Minister, I have worked closely with Chinese leaders to establish a Strategic and Cooperative Partnership and put in place comprehensive mechanisms for cooperation and dialogue and to address bilateral issues between our two countries,” Singh said in his statement on Sunday.

India and China have set a trade target of $100 billion by 2015.

The two fastest growing economies in the world have raised shared concerns about the loose monetary policy of developed countries, including the US Federal Reserve’s plans to end a $85 billion a month stimulus programme that has prompted a massive capital flight in emerging economies.

Meanwhile, India and China could also be working towards utilisation of trans-border river waters during Singh’s visit.

India and China do not have any water-sharing agreements, but instead have instituted a mechanism to exchange data on trans-border rivers through a working group including information on the measurement of flows.

Singh also said in his statement that the two sides have “reached important consensus on maintaining peace and tranquillity on the border and made preliminary progress towards settlement of the India-China Boundary Question”.

Singh admitted that the border dispute with China is a “historical issue” but the two governments will not let them “affect the overall atmosphere of friendship and cooperation”.

The two sides are expected to sign a key border defence agreement during Singh’s visit.

New Delhi is pushing Beijing to import more products and greater market access as the trade imbalance is heavily tilted in favor of China.

In 2012-13, India recorded a record trade deficit of $40.78 billion with China.

China and India are also working to speed up the construction of the economic corridor linking China, Bangladesh, India and Myanmar(BCIM), asserted Chinese Foreign Minister Wang Yi in New York last week.

Singh on Sunday said that stability is key to the growth of India, China and the region.

“As the world’s two most populous nations and largest emerging economies, India and China today have a growing congruence of regional, global and economic interests, driven by our respective developmental aspirations and shaped by the evolving strategic environment,” he added.

The two Asian giants had recently held a strategic dialogue on Central Asia, focusing on their “very similar” approaches to regional and energy security in the strategically important region.

A series of high-profile meetings including visits by Chinese Premier Li Keqiang to India in March and Indian Defence and External Affairs Minister to Beijing earlier have boosted ties between the two neighbours.

The BRICS Post

One Response to Russia, China most important partners- India PM

  1. Eraldo Marcelo Kopp Reply

    October 20, 2013 at 11:27 am

    Truly the actual events are showing themselves very inviting for other countries. China truly leads uncontested and must yet link up Egypt! It is extremely important for Mr Xi linking up Egypt asap! Afterwards then Syria is joined up with Egypt and both Egypt and Syria can then re-establish themselves as they were many centuries ago!
    This time China, India and USSR are the leaders of the world! Later, changes must be implemented but very tiny adjustments only.
    It is crucial the transition from USD to Chinese Yuan so the computers then can be synchronized and trade established world wide! Another aspect is regarding the freighters! These must be given first priority after major decisions are made in any aspect of trade and plans of infrastructure.
    Truly these 3 nations working diligently must consider the fragility of the world wide posting services! When the Chinese system is launched online then the postal services around the world wilt experience a surge of parcels never experienced before! Most importantly is the world wide plan of advising the countries to improve and 100% computerize their activities so packages can be delivered! China knows 100% that the system shortly coming is beneficial only for China if the nations are not prepared for it! When the line of direct banking from China becomes available, then every computer wilt be link permanently and the purchases wilt increase! Have in mind the freighters are as important as the new deals of infrastructure… Nation under developments must order products from China and therefore the freighters must deliver them! However, if postal services and transportation are not for the task then the plan falters!
    Not only this, but many freighters have specific delivery time and highly expensive and must be delivered ON TIME! Considering the postal areas are in chaos, how are these packages delivered?
    Can lazy countries detain the packages and only deliver at their time leisure? NO! The packages must be delivered as per the policy online statement prior of printing the label! They must be delivered!
    FEDEX from USA thus far has the best prices and best delivery time! Obviously FEDEX should be given priority in every nation for expansion of their great services!!! Best location on airports, best depots, best routes and best local government deals so facilitates their implementations!
    Brazil yet has a very antiquated system of delivery yet! Postal worker have no DIAD yet and it is done via clip board believe it or not! Very slow and the system is very deficient! The postal service is often on strike and 1000’s upon 1000’s of packages are neglected and not delivered! This truly can bring a lot trifle if not dealt with severely!
    Investors wilt analyze every aspect of the nations facilities prior of making final decisions more so if the new trade is heavily dependent on deliveries!
    Freighters and governments must work together and deliver infrastructure projects considering the ways of delivery also!

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