India and China have agreed to set up a mechanism to enhance people-to-people exchanges.
Appreciating the Belt and Road Initiative and personal attention by President Xi Jinping to CPEC, President Mamnoon Hussain emphasized that as a flagship project, CPEC is a successful model of this initiative.
Indian Prime Minister Narendra Modi and Chinese President Xi Jinping signed the agreement as they began the two-day Shanghai Cooperation Organisation (SCO) summit. "He stated that it was a new starting point in our bilateral relationship".
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India and China on Saturday agreed on measures to build on the consensus achieved by their leaders during recent talks in Wuhan, including the next informal summit to be held in India in 2019 and steps to maintain peace along the disputed border. The Chinese president said the SCO now stands as a new model for worldwide cooperation. "Our talks will add further vigour to the India-China friendship", Modi tweeted after the meeting.
"There were some discussion on trade and investment related issues".
In this context, Xi also referred to growing popularity of Indian films in China and particularly mentioned about films Dangal and Bahubali. He held bilateral meetings with the Presidents of Uzbekistan and Tajikistan.
The meeting took place ahead of the Shanghai Cooperation Organisation (SCO) summit and covered key aspects of the bilateral engagement, reflecting the resolve by the two countries to reset relations and bring back trust in their ties which was hit by the Doka La standoff and several other thorny issues.
The grouping has traditionally focused on counter-terrorism and security issues, and India's hope is to bolster regional cooperation on combating terror.
The first MoU was inked between China's Ministry of Water Resources and India's Ministry of Water Resources, River Development and Ganga Rejuvenation upon provision of hydrological information of the Brahmaputra river in flood season by China to India. India and Pakistan became its members in 2017.