Beijing, June 22: Optimistic over better Sino-Indian trade and economic ties, Chinese premier Wen Jiabao foresees greater coordination between Beijing and New Delhi on multilateral trade issues, especially at the next round of WTO negotiations to ensure a "fair, just and rational" global trade regime. Beijing, June 22: Optimistic over better Sino-Indian trade and economic ties, Chinese premier Wen Jiabao foresees greater coordination between Beijing and New Delhi on multilateral trade issues, especially at the next round of WTO negotiations to ensure a "fair, just and rational" global trade regime.

"Bilateral trade and economic cooperation have grown rather rapidly in recent years - expanding from pure import and export of commodities to multi-faceted and multi-dimensional cooperation including engineering contracting, technology trade and two-way investment," Wen told newspersons ahead of Prime Minister Atal Bihari Vajpayee's arrival here.
China's WTO membership in late 2001 has created a favourable condition for expanded trade-economic ties between the two countries, with the organisation providing yet another platform for their multilateral cooperation.

"The Chinese side is of the view that the new round of multilateral trade negotiations should be conducive to a new international economic order that is fair, just and rational, should strike a balance between the interests of the developed and developing members, and should take into full consideration the development level of the developing countries," Wen said.

"Both China and India are important developing members of the WTO. We are ready to join India in closer communication and coordination throughout the new round of WTO negotiations so as to ensure a result that is more beneficial to the developing members," he added.
Bureau Report