The second edition of the informal summit between Prime Minister Narendra Modi and Chinese President Xi Jinping in Mamallapuram on October 12-13 could pave the way for the next stage of boundary dispute resolution between the two countries paving way for possible launch of the Line of Actual Control (LAC) clarification process and measures to export additional products to China to reduce India’s huge trade deficit, according to persons familiar with the matter.
There is a divergence between India and China over the 4,056-km long LAC and its clarification would contribute to the boundary dispute resolution. Transgressions along the LAC are a result of differing perceptions of the LAC.
Following the first informal summit in Wuhan in April 2018, China has been importing rice and sugar from India following a request from Prime Minister Modi. However, trade balance is still tilted heavily in favour of China. Read More