Stable China border will help growth: India

November 21st, 2011 - 10:06 pm ICT by IANS  

New Delhi, Nov 21 (IANS) Readying to set up a mechanism to settle the border dispute with China, India Monday said it needed a stable arrangement on the issue that will help the two countries work together in areas of mutual interest in the global arena.

“In our dialogue with China, we need a stable arrangement on the border so that we work towards a common agenda with China in those areas where it suits us,” Indian Foreign Secretary Ranjan Mathai said while delivering the Fourth MEA-IISS-IDSA Foreign Policy Dialogue on the theme “Towards Stability in Asia” here.

“That helps us to a great extent and it has worked,” he said, noting that there has been no failure in this regard.

In the backdrop of China’s military infrastructure and capability build-up along the Sino-Indian Line of Actual Control, Mathai said India too was in the process of building its own infrastructure in the area.

India and China share an unresolved 4,500-km border and are in the process of putting in place a new mechanism to talk about the dispute and to settle it at a future date. A meeting of their special representatives on the border issue is to be held later this year.

At a time when large parts of the world in Europe and the US are facing the heat of global recession, Mathai noted that peaceful development of relations between the two nations will also lead to the strengthening of the BRICS grouping comprising Brazil, Russia, India, China and South Africa.

“On issues such as climate change, the need for a development dimension in trade negotiations, and reform of international financial institutions, there are many common interests between China and India,” he added.

Stressing that there is a need for continued engagement with China across all spectrums, despite outstanding problems on the border issue, he said China will be an important partner in foster Asian stability, and in ensuring economic linkages between countries that could work to dissuade conflict.

“There will, of course, be many balancing acts required,” he added.

“I think China has already risen, though it is likely to continue to rise. It is not just a cliche, but a fact that we are likely to be both competitive and complementary,” Mathai said.

Being the two largest developing economies in the world, he said, India and China are significant engines of economic growth in the world.

“The promise of an India-China engagement is mirrored with China having emerged as India’s largest trading partner, with prospects of growth continuing and a bilateral trade of $100 billion by 2015,” Mathai said.

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