. Military Space News .




.
TRADE WARS
China foreign minister in India talks
by Staff Writers
New Delhi (AFP) March 1, 2012


China's foreign minister held talks in India on Thursday that focused on issues affecting the neighbours' often troubled ties as well as an upcoming summit of major emerging economies.

Yang Jiechi, who arrived in New Delhi late Wednesday, kicked off his brief official visit with a round of discussions with his Indian counterpart S.M. Krishna.

The talks covered preparations for a summit of the so-called BRICS nations -- Brazil, Russia, India, China and South Africa -- in New Delhi at the end of March, said foreign ministry spokesman Syed Akbaruddin.

Brazil, India and South Africa have been lobbying to turn their growing economic clout into greater diplomatic influence by securing permanent seats on the UN Security Council.

After their talks, Krishna said "every possible issue" pertaining to China-India relations had been discussed.

"We have understood each other's position and we have understood the perspective and we will continue to exchange these," he added without elaborating.

Ties between the neighbours have never been easy and a border dispute which triggered a brief but bloody war in 1962 remains a source of tension and deep mistrust.

Fifteen rounds of talks on the border issue have yielded no progress and India fears China is becoming more assertive about its territorial claims.

China claims the northeastern Indian state of Arunachal Pradesh as its territory and criticised a recent visit there by Indian Defence Minister A.K. Antony as provocative.

Krishna retorted at the time that India "will not tolerate external interference of China into Indian territorial affairs".

On Thursday, local officials in Arunachal claimed that water levels in the local Brahmaputra river that originates in Tibet had plunged, leading to suspicion that China was to blame.

There are also tensions outside their common borders, especially in resource-rich areas such as the South China Sea, where both countries are engaged in energy exploration to fuel their growing economies.

Another irritant for China is the presence of Tibet's exiled spiritual leader, the Dalai Lama, who has lived in India since fleeing a failed uprising against Chinese rule in 1959.

Related Links
Global Trade News




.
.
Get Our Free Newsletters Via Email
...
Buy Advertising Editorial Enquiries




India praises Pakistan's efforts to normalise trade ties
New Delhi (AFP) March 1, 2012 - India on Thursday welcomed Pakistan's decision to phase out major restrictions on Indian imports by the end of this year, a move to normalise trade ties between the nuclear-armed neighbours.

India's Foreign Minister S.M. Krishna thanked Pakistan for deciding to gradually scrap the "negative list" that prevents the export of hundreds of items from India.

"Pakistan is moving in the right direction in terms of bringing economic content into the political relationship," Krishna told reporters in New Delhi. "This would certainly help strengthen our bilateral ties."

Islamabad has decided in principle to phase out the negative list between the two countries by December 31, 2012, which will complete the trade normalisation process.

India's Associated Chambers of Commerce and Industry, a trade body estimated that the move will increase cross-border trade to over $6 billion by 2014.

Direct trade between India and Pakistan currently constitutes less than one percent of their respective global trade. India exported goods worth $2.33 billion to Pakistan last year while its imports were $330 million.

In 1996, India granted Pakistan "most preferred nation" status which is intended to remove discriminatory higher pricing and duty tariffs.

Pakistan agreed in principle to grant a similar status to India last year, paving the way for a radical change.

Deepening economic engagement between the two countries is seen as crucial to establishing lasting peace in the troubled South Asian region.

Relations between India and Pakistan, which have fought three wars since the subcontinent was partitioned in 1947, have been plagued by border and resource disputes and accusations of Pakistani militant activity against India.



.

. Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle



TRADE WARS
Mercosur keen to profit from Arab markets
Brasilia, Brazil (UPI) Feb 29, 2012
Latin America's Mercosur trade bloc is keen to profit from Arab cash investments and expanding consumer markets while talks with the European Union on a free trade agreement remain stalled, officials said. Brazilian government ministers have been wooing Arab investors after a visit to the United Arab Emirates and plans for similar initiatives in other oil-rich Arab states in the Persian ... read more


TRADE WARS
Israel deploys Iron Dome ABM battery

Tel Aviv to get missile interceptor system: army

India says missile shield test a success

Israel conducts 'final test' on Arrow anti-missile system

TRADE WARS
Raytheon Completes First Test of JSOW-ER Warhead

US Army Fires Raytheon Griffin Missile During Forward Operating Base Protection Test

Raytheon Engages Malaysian Industry for Missile Work

Third MEADS Battle Manager Arrives In Huntsville for Integration Testing

TRADE WARS
Drone makers cashing in as war tactics evolve

Northrop Grumman BAMS Unmanned Aircraft System Program Achieves Two Major Milestones

Innocon has received an order for its MiniFalcon II Tactical UAV

Pakistan tribesmen protest US drone strikes

TRADE WARS
Raytheon's US Air Force Satellite Terminal Achieves Two Critical Milestones

Northrop Grumman Airborne Network Demonstrates Tactical Potential at Army Integration Exercise

Lockheed Martin Delivers Second AEHF Satellite To U.S. Air Force For Upcoming Launch

United Launch Alliance Atlas V Launches Mobile User Objective System-1 Mission

TRADE WARS
SpectIR IRST System Demonstrates Capability During Air National Guard Live Fire Test

Israel plans for second F-35 squadron

Boeing B-1 Bomber Completes 10,000th Combat Mission

Boeing and USAF Mark Delivery of First Re-winged A-10 Thunderbolt II

TRADE WARS
Embraer drawn into U.S. Air Force row

Sweden needs up to 80 new Gripen fighter jets: military

Japan defence chief 'may cancel' F-35 deal

Army chief wants more women in Australian military

TRADE WARS
Leadership intrigue to dominate China parliament

US commander: China friction ebbing

US commander: China friction ebbing

Beijing cautions India over border issues

TRADE WARS
Nanofiber Breakthrough Holds Promise for Medicine and Microprocessors

Novel method to make nanomaterials discovered

New study may lead to MRIs on a nanoscale

Metal nanoparticles shine with customizable color


Memory Foam Mattress Review

Newsletters :: SpaceDaily Express :: SpaceWar Express :: TerraDaily Express :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News

.

The content herein, unless otherwise known to be public domain, are Copyright 1995-2012 - Space Media Network. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement