It’s the first visit of the Indian political leader to China in five years, but since that time, bilateral trade between the two neighboring nations has grown from $5 billion in 2002 to nearly $35 billion in 2007 through November, the Asia Times reported Tuesday.
Among the topics on the table will likely be India’s widening trade deficit with China — it stands at $9 billion in 2007 after India enjoyed an $843 million trade surplus with its rival as recently as 2005, the newspaper reported. There is also simmering mistrust over India’s proposed civilian nuclear deal with the United States and the Indian’s government unwritten ban on Chinese firms operating in its ports and telecommunications sector.
On the flipside, China continues to serve as an arm’s length ally to India’s nemesis, Pakistan, helping with energy and port construction that India sees as a strategy to isolate the Subcontinent.
Despite these tensions, Chinese President Hu Jintao and Singh are expected to sign trade and environmental regulatory agreements that will see some sort of collaboration emerging between two of the world’s biggest developing powers.
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The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowThe night before F3. FreightTech100 companies honored. FreightTech 25 and Shipper of Choice winners revealed live. Cocktail reception into dinner and live music - 300 industry leaders in one purpose-built room.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowIndustry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register Now