India's relationship with China expanding substantively: S. Jaishankar(Lead:Jaishankar)

India's Ambassador to China S. Jaishankar on Monday said New Delhi's relationship with Beijing is expanding substantively, and termed the three-day state visit of Premier Li Keqiang as significant.

Interacting with media after delegation-level talks between India and China here, Ambassador Jaishankar said: "This visit is significant because it is Premier Li's first visit to India. India is a priority in China's agenda of global development."

"This visit is substantive because all matters were discussed in a wide range of talks. It took place at a time when the relationship is expanding in many ways," he added.

Referring to the differences that prevail between the two sides on key issues such as the boundary question and sharing of information on water flow of the River Brahmaputra, the Indian envoy said: "There are issues, but it was seen that our shared interest is more than the differences. Bilateral issues were the main concern. Discussions were made to build trust."

"We made the point that maintaining peace on the borders is the most important factor in maintaining peace. The Special Representatives will meet and discuss the issues to maintain peace and tranquility," he also said.

"The Chinese Premier suggested some measures to overcome the financial deficit in the trade between the two countries. In the past few years, this is the most positive response we have got from the Chinese front. Both sides saw investments as a major tool to enhance bilateral ties," he added.

Ambassador Jaishankar's comments came after India and China on Monday signed eight pacts, including sharing of information on water flow in the River Brahmaputra.

The other pacts are on trade, commerce, education and culture.

Earlier, in his press statement, Dr. Singh said Special Representatives of both countries would meet soon to seek a mutually beneficial settlement of the border issue.

He said peace and tranquility on the border is the basis for expansion of ties between New Delhi and Beijing.

Stating that economic cooperation constitutes an important part of the bilateral relationship, Dr Singh said the growth potential of the two economies can provide the engine for greater cooperation.

The Prime Minister also sought greater market access for Indian products in China.

The Chinese Premier, in his media interaction, said he shared hydrological information with India, and added that the two neighbours are ready to set up appropriate communication with regard to water projects. He stressed that both sides have more interest than differences.