Indo-China bilateral trade to touch USD 60 billion by 2010

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Bangalore, Jan 30 (UNI) The bilateral trade between India-China is expected to touch 60 billion dollar by 2010, Mr Zhang Yan, Ambassador, People's Republic of China said here today.

In his address, read out in his obsence, by Mr Peng Gang, Counsellor (Economic and Commercial) Embassy of the People's Republic of China, at a function organised by Bangalore Chamber of Industry and Commerce here, he said that the in 2007 the bilateral trade was 38 billion dollar and it was expected to double during next three years.

He said that the recent visit of Prime Minister of India Dr Manmohan Singh to China has further strengthened the relationship between the two countries.

Union Minister of State for Planning M V Rajasekharan, in his address, said that with China leading in Hardware sector and India in software IT can become world leaders in trade if joined hands.

The cooperation between the two countries would also help in promoting peace and harmony not only in Asia and but also in the world, he added.

BCIC President John M Panikar, in his welcome address, said that with China poised to become India's largest trade partner in the next two-three years, BCIC looks forward to make the relationship more fruitful and cordial.

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