India and China on 21 June 2012 agreed to increase their defence and security dialogue and work to take steps to ensure that the two countries achieve a 100 billion dollars trade target by 2015. The decision was taken on the sidelines of the Ri0+ 20 summit at Rio De Janeiro.India also raised the border issue during the talks.
India and China agreed that they would continue political dialogue at the political level. India and China also decided that the special representatives would work for preparing the joint record of their work so far, which was already announced in January 2012 and give directions for the future co-ordination between the two countries.
The special representatives of India and China would submit a report on the developments so far by January 2013. India would setup inter-ministerial group on its side while China would have an official team that would periodically exchange views on maritime issues relating to trade and security.
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