PM's statement prior to his departure to Qingdao in China

Jun 09, 2018, 21:36
PM's statement prior to his departure to Qingdao in China

President Xi Jinping accepted Prime Minister Narendra Modi's invitation to visit India for the next informal summit.

Chinese President Xi Jinping will open late Saturday a two-day regional security summit attended by Russia, Iran and other allies confronting rising tensions with the United States over trade and Washington's withdrawal from the Iranian nuclear deal.

Ties between the two neighbours had nosedived following last year's military standoff at Doklam and also due to several other issues, including China blocking a move to sanction Pakistan-based Jaish-e-Mohammed chief Masood Azhar at the UN Security council and Beijing's opposition to New Delhi's bid to join the Nuclear Suppliers Group.

"(Modi) also conveyed to President Xi Jinping our readiness to permit the Bank of China to establish a branch office in Mumbai", Gokhale said. The leaders are also supposed to focus on the issues of global trade and counterterrorism.

The meeting is taking place weeks after the two leaders held an informal summit in the central Chinese city of Wuhan during which they exchanged views on solidifying the relationship between the two Asian powers. "Our talks will add further vigour to the India-China friendship", Modi said in a tweet.

China's Belt and Road Initiative was also strongly opposed by India as part of it goes through Pakistan-occupied Kashmir.

To that end, one of the agreements signed on Saturday amended the 2006 protocol on phytosanitary requirements for exporting rice from India to include the export of non-basmati varieties of rice.

Hours after his arrival in this port city, Modi is scheduled to hold a bilateral meeting with Xi tomorrow during which the two leaders are expected to explore ways to deepen ties in areas of trade and investment besides reviewing the overall bilateral cooperation.

Last week, Modi had said that Asia and the world will have a better future when India and China work together with trust and confidence while being sensitive to each other's interests. Chinese President Xi Jinping has been seeking a bilateral meeting with Iranian President Hassan Rouhani, hoping to capitalize on Iranian estrangement from the G7 nations after U.S. President Donald Trump withdrew from the Iran nuclear deal.

This was the 14th meeting between the two leaders over the past four years.

Troops of India and China were locked in the 73-day standoff in Doklam since June 16 previous year after the Indian side stopped the construction of a road by the Chinese Army in the disputed area.

The member-countries are expected to sign the Qingdao Declaration.

India became a full member of the the China-dominated grouping past year and New Delhi's entry into it is expected to increase the bloc's heft in regional geo-politics and trade negotiations besides giving it a pan-Asian hue.

The SCO now has eight member countries which represents around 42 per cent of the world's population and 20 per cent of the global GDP.

YOU MIGHT ALSO LIKE
  • Trump Defends Melania Trump and Spreads Conspiracies About Her in the Process

    Trump Defends Melania Trump and Spreads Conspiracies About Her in the Process

    She was treated at Walter Reed hospital on May 14 for what aides called a "benign" kidney condition and was released on May 19. Instead, President Donald Trump insisted that he would hold an event celebrating America.
    Death toll rises to 99 at Guatemala volcano

    Death toll rises to 99 at Guatemala volcano

    National disaster agency CONRED ordered evacuations and said that hot gas and molten rock were streaming from the volcano. Volcan de Fuego, or Volcano of Fire, blows outs a thick cloud of ash, as seen from Alotenango, Guatemala, June 3, 2018.
    Nascar eSports Future of Racing?

    Nascar eSports Future of Racing?

    Just like modern stars Cristiano Ronaldo and Lionel Messi have made soccer all the more popular in the United States of America. Still unsure? The series has been shown online since 2010, and the demand to watch it shows the growth is likely to continue.
  • Keys and Stephens set up all-American semi-final

    Keys and Stephens set up all-American semi-final

    She said it with a smile that had a steely quality to it, carried over from her high-quality match with the unseeded Putintseva. This match should feature no shortage of excellent rallies, with Kasatkina and Stephens both amongst the best movers on Tour.
    J. Oshie lays out Golden Knights player, gets boarded soon after

    J. Oshie lays out Golden Knights player, gets boarded soon after

    The problem is we should be in the minors, '" former Washington forward Ron Lalonde said. "We've got to be good defensively". But Capitals goalie Brayden Holtby made the save of his lifetime with the paddle of his stick and Washington won 3-2.
    Messi wants Griezmann at Barcelona

    Messi wants Griezmann at Barcelona

    Manchester United have reportedly rejoined the race to sign Antoine Griezmann , who is also a summer target for Barcelona . Meanwhile, Griezmann could be in a similar predicament at Barcelona , where Luis Suarez is still the first-choice striker.
  • Pederson: Eagles moving on from White House saga

    Pederson: Eagles moving on from White House saga

    Kelce talked at length about how the National Football League is a melting pot of people with different backgrounds and opinions who work together as a team.
    See Lars Eller's Stanley Cup-winning goal for the Washington Capitals

    See Lars Eller's Stanley Cup-winning goal for the Washington Capitals

    The Capitals soared to victory on the strength of two third-period goals after they went down 3-2 on Smith's goal in the second. It was his 15th goal of the playoffs, passing John Druce for most in a single postseason in Washington history (1990).
    More Consulate Workers Evacuated After Mystery Illness Strikes Americans In China

    More Consulate Workers Evacuated After Mystery Illness Strikes Americans In China

    Cuba has denied targeting embassy staff, and the USA has not blamed the country's government for the suspected attacks. China had earlier said it had looked into the first case but came up with no clues about the cause of the symptoms.
  • Kevin Love, Tyronn Lue could face change when Finals end, too

    Kevin Love, Tyronn Lue could face change when Finals end, too

    A verbal altercation ensued between the two before the formers teammates LeBron James and Tristan Thompson separated them. The Warriors took a 3-0 series lead with a 110-102 victory over the Cavaliers .
    GOP leader McConnell cancels most of Senate’s August recess

    GOP leader McConnell cancels most of Senate’s August recess

    That means the Kochs also are unlikely to support Congress members in heated 2018 midterm races who back Trump's trade stance. Today, Republican and Democratic Senators are about to introduce a bill to force Trump to obtain congressional approval .
    Season of Big Bash was expanded

    Season of Big Bash was expanded

    Female Rebel BBL starts their season from the 9th f December, which is 10 days earlier from the male season of KFC BBL games. Fans of cricket across the world can see the online stream at the official Australian cricket website, and throw its app.
popular