Sino-Indian talks aimed at rebalancing bilateral trade in a positive direction

The main points of discussion between Prime Minister Narendra Modi and Chinese President Xi Jinping as listed in the Prime Minister's statement released on Thursday, is as follows

Annual visits at the level of Heads of State/Government.

City in each country would be identified for a smart city demonstration project.

Take positive steps towards rebalancing bilateral trade and addressing the existing structural imbalance in trade that has a bearing on its sustainability. Pharmaceutical supervision including registration, speedier phytosanitary negotiations on agro-products for two-way trade, stronger links between Indian IT companies and Chinese enterprises, and increasing services trade in tourism, films, healthcare, IT and logistics.

Two Chinese Industrial Parks in India. One in Gujarat and one in Maharashtra. The Chinese side would also endeavour to realize an investment of US$ 20 billion in India in the next five years in various industrial and infrastructure development projects.

(i) Increase speed on the existing railway line from Chennai to Mysore via Bangalore; (ii) the Chinese side will provide training in heavy haul for 100 Indian Railway officials; (iii) the two sides will cooperate in areas such as redevelopment of existing railway stations and establishment of a railway university in India; and (iv) consider cooperating with the Chinese side on a High Speed Rail project.

As large developing countries committed to promoting the use of clean energy, India and China believe that expansion of civil nuclear energy program is an essential component of their national energy plans to ensure energy security.

2015 as the "Visit India Year" in China and 2016 as the "Visit China Year" in India.

Promote its tourism products and routes in India, which relate to the historical travels of the Chinese monk-scholar Xuan Zang to India in the 7th century AD, with the annual exchange of 200 youth from 2015 to 2019.

Buddhist Art and another exhibition of Contemporary Indian Art will be organized in China in 2014-15.

China will be the partner country at the Delhi International Book Fair 2016.

Strengthen exchanges in movies, broadcasting and television shows. An Audio-Visual Co-production MoU was signed to facilitate joint production of movies. China will be the guest country at the Indian International Film Festival 2014.

Agreements on establishing a provincial partnership between Gujarat and Guangdong Provinces and Sister-City relationships between Mumbai-Shanghai and Ahmedabad-Guangzhou.

Chinese side decided to open a new route for the Mansarovar Yatra through Nathu La Pass.

To hold the first round of maritime cooperation dialogue within this year to exchange views on maritime affairs and security, including anti-piracy, freedom of navigation and cooperation between maritime agencies of both countries.

Progress made in promoting cooperation under the framework of the BCIM (Bangladesh, China, India, Myanmar) Economic Corridor.

Common interests on several issues of global importance like climate change, Doha Development Round of WTO, energy and food security, reform of the international financial institutions and global governance.