India and China agreed to take the defence and security dialogue to a higher level and work to take steps to ensure that the two countries achieve a USD 100 billion trade target by 2015 on 26 July 2012.
The dialogue of forty minutes took place on the sidelines of the Rio+20 Environment Summit by Indian Prime Minister Manmohan Singh and his Chinese counterpart Wen Jiabo. Post the dialogue, Prime Minister Singh invited Chinese investment in infrastructure in India.
The two leaders also discussed the issue of trans-border rivers flowing in both the countries, India and China during which Beijing agreed to transfer of information in this regard to New Delhi.
The two countries have agreed to establish strategic and cooperative partnership for peace and prosperity, they also reiterated their intention to promote regular ministerial-level exchanges and make full use of the strategic dialogue and other bilateral dialogue mechanisms.
Indian exporters can soon begin shipping basmati rice to China after both countries agree on a mutually satisfactory quarantine protocol.
As far the trans-border rivers issue is concerned, China has maintained that its hydropower project on Brahmaputra river in Tibet is not obstructing the water flow to India. It has also said that its dam is not big enough to affect the lower riparian regions like in India.
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