India and China should address key economic issues, including fair market access, trade imbalances and supply chain stability, Indian Foreign Minister S. Jaishankar said on Wednesday, as New Delhi continues efforts to rebuild ties with Beijing.
Jaishankar made the comments after meeting his Chinese counterpart Wang Yi on the sidelines of a regional gathering in Manila, the Philippines.
"There are also concerns about predictability of supply chains... We also need to agree on the meetings of various mechanisms and platforms as per our mutual priorities," Jaishankar said in a post on X.
He added that maintaining peace and stability along the disputed border remains essential for improving bilateral relations.
"Peace and tranquility in the border areas is obviously the prerequisite for normal ties," Jaishankar said.
"Since October 2024, both sides have engaged to ensure that important objective. This will continue to need our constant attention."
Relations between the two nuclear-armed neighbours began improving in 2024 following a meeting between Indian Prime Minister Narendra Modi and Chinese President Xi Jinping in October.
The talks helped ease tensions that had persisted since a deadly border clash in 2020 along the largely undemarcated Himalayan frontier. The confrontation left 20 Indian and four Chinese soldiers dead.
Following the diplomatic engagement, both countries resumed direct flights and India eased approval procedures for business visas for Chinese professionals.
Domestic media also reported that border trade between the two countries is expected to resume from 1 August, after a six-year suspension.
Despite recent diplomatic progress, economic tensions remain a key issue between New Delhi and Beijing.
China remains one of India's largest trading partners, with Indian imports from China reaching a record $132 billion in the 2025/26 financial year. The overall trade volume stood at $151.10 billion, with India's trade deficit exceeding $100 billion.
India relies heavily on Chinese imports for industrial machinery, components and other inputs needed for manufacturing.
Earlier this year, New Delhi eased some restrictions on Chinese investments in selected sectors, marking a significant step towards restoring economic cooperation.
While India and China have taken steps to stabilise relations, disagreements over trade, investment and border security continue to shape ties.
Officials from both countries have stressed that lasting improvement will depend on maintaining calm along the frontier while expanding cooperation in areas of mutual interest.
At least 250 people have died and more than 570 have been injured after a 7.4 magnitude earthquake struck western Colombia on Monday, the Colombian As...
Ukrainian President Volodymyr Zelenskyy has warned that Russia is preparing to deploy additional North Korean forces on its territory and has received...
The Democratic Republic of Congo says the number of confirmed Ebola cases has risen to nearly 4,500, including more than 2,060 deaths. Delayed detecti...
One hundred years after the First World War and more than eighty years after the devastation of the Second World War gave rise to the United Nations, humanity once again finds itself living in an age of permanent crisis.
Flights arriving at Catania airport in eastern Sicily were suspended after volcanic ash from a new eruption of Mount Etna drifted into the airspace around the airport, disrupting operations at one of Italy’s busiest aviation hubs.
Greenland has issued a “strong warning” to a U.S. oil company linked to President Donald Trump after drilling equipment was brought ashore without the required government approvals, according to British media.
Iran said it was nearing a final pact with Oman defining new shipping lanes between them through the Strait of Hormuz but repeated that the U.S. must meet other conditions.
Christopher Nolan’s The Odyssey has surpassed $1.1 billion at the global box office, becoming the highest-grossing film of the director’s career.
A U.S. federal judge has halted a key part of President Donald Trump's effort to tighten rules around mail-in voting, dealing another legal setback to the administration's attempts to expand federal involvement in election oversight ahead of November's congressional elections.
Lebanon has become the first country in the Middle East to formally abolish the death penalty, marking a significant shift in the region's human rights landscape after years of debate over capital punishment.
Taiwan has criticised a planned joint naval exercise involving China and Indonesia near its eastern waters, describing it as a politically charged move designed to strengthen Beijing's claims over areas surrounding the island.
UK Prime Minister Andy Burnham faces an early test of his climate commitments as his government weighs whether to approve two major North Sea oil and gas projects, Rosebank and Jackdaw.
Europe is facing more frequent and prolonged extreme heat, with climate change making heatwaves increasingly intense and widespread, the World Meteorological Organization (WMO) warned on Tuesday.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment