(MENAFN - Kuwait News Agency (KUNA)) The second round of "India-China Strategic Economic Dialogue" was held in New Delhi, Monday. It's aimed at improving macro-economic policy coordination, promoting exchanges on economic issues and enhancing India-China economic cooperation.
The Indian side was led by Planning Commission Deputy Chairman - Montek Singh Ahluwalia, and the Chinese side was led by Chairman of the National Development and Reform Commission - Zhang Ping.
According to sources in Indian External Affairs Ministry, during the talks, the two sides agreed that in the current global economic situation it was important to raise the level of economic engagement between them.
They also discussed a wide range of topics, including greater cooperation at the global level, strengthening communication on macro-economic policies, deepening and expanding trade and investment and promoting bilateral cooperation in the financial and infrastructure sectors.
During the talks, the two sides agreed for cooperation at the global level, strengthening communication on macroeconomic policies, deepening and expanding trade and investment, and expanding cooperation in the financial and infrastructure sectors.
The two sides recognized that as major developing economies, they needed to maintain close coordination and communication to pursue their common interests. Among them is the reform of international monetary and financial systems, stabilizing the volatility in global commodity markets, working towards sustainable development and climate change goals, and ensuring food and energy security.
On the occasion, as many as four MoUs (memorandums of understanding) were signed on undertaking joint studies, on enhancing cooperation in the field of energy efficiency, enhancing technical cooperation in the railway sector, and enhancing cooperation in the information technology (IT)/ information technology-enabled services (ITES) sector.