India and China celebrate their 70th anniversary of Diplomatic Relations
India and China postponed all the events planned to celebrate the 70th anniversary of their diplomatic relations due to the COVID-19 pandemic. However, the leaders exchanged congratulatory messages.
Highlights
India was the first non-communist country in Asia to establish diplomatic relations with People’s Republic of China. Today the countries have strong trade relations despite of small irritants like border issues. In 2019, India-China trade reached 90.1 billion USD. Also, India has been pressing China to open its markets for Indian pharmaceuticals and IT companies. This is being done by India to reduce the trade deficit of 57 billion USD with China.
Informal Summit
In November 2019, as a part of commemorating 70 years of diplomatic ties, the countries agreed to finalise 70 activities. This was done during the Second Informal summit of President Xi Jing Ping and PM Modi. The 70 celebrated activities included trade promotion events, military exchanges and cultural and religious activities.
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Month: Current Affairs - April, 2020