Posted on 07/13/2003 2:02:39 PM PDT by MR. CAPITALIST
BEIJING -(Dow Jones)- China's Minister of Commerce Lu Fuyuan urged China and India to increase cooperation and double their annual bilateral trade to $10 billion by 2005, the official Xinhua News Agency reported Wednesday.
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China and India have signed several agreements this week that will boost bilateral trade and economic cooperation, the report said, without elaborating.
The pacts have been signed during a landmark visit to China by India Prime Minister Atal Bihari Vajpayee, which has signaled a warming of ties between the two neighbors.
Two-way trade between China and India grew 38% on year to $4.95 billion in 2002, the report said.
Bilateral trade jumped 70% on year to $2.9 billion in the first five months of this year.
-By Phelim Kyne, Dow Jones Newswires; 8610 6588-5848; Phelim.kyne@dowjones.com
-Edited by Debra Boyce
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