TNPSC Thervupettagam

Second Unofficial Summit Between Xi and Modi

October 15 , 2019 1856 days 1306 0
  • The second unofficial summit between Xi and Modi was held at Mamallapuram.

  • According to Indian foreign secretary Vijay Gokhale, India raised its concerns about the Regional Comprehensive Economic Partnership (RCEP) during the summit.
  • RCEP is a proposed free-trade agreement led by China.
  • The huge trade deficit of $53 billion between India and China was discussed.
  • A mechanism to discuss the same was established between Chinese Vice-Premier Hu Chunhua and Indian Finance Minister Nirmala Sitharaman.
  • Modi hailed the Chennai meeting as marking “a new era of cooperation” between the two countries.
  • The first such informal meet between the two leaders was held at Wuhan, China in 2018.
At Nepal
  • Following the Chennai meet, Xi Jinping also visited Nepal, the first by a Chinese president since 1996.
  • A rail link between Lhasa, China and Kathmandu, Nepal was proposed.
  • The Trans-Himalayan link would also connect with Lumbini, the birthplace of Buddha.
  • Nepal and China have jointly agreed to announce the re-measured height of Mount Everest.

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