India and China might sign the much-awaited pact on establishing a relaxed visa regime for the business communities during the upcoming visit of the new Chinese premier Li Keqiang. Keeping border tensions aside, it seems the new Chinese leadership is keen on forging greater business ties with India by establishing industrial parks and economic corridors here, even as India grapples with the problem of a burgeoning trade deficit with it.
According to External Affairs Minister Salman Khurshid, India will make sure that Chinese investments get a smoother entry into India. Khurshid, who was on two-day visit to Beijing at the invitation of the Chinese Foreign Minister Wang Yi, also met Li Keqiang and discussed issues of bilateral importance.
“Trade must come with travel. A relaxed visa regime is most important for businesses to flow, investments to flow. Business has to travel, and for that it is important both the countries have an easier bias regime for its businessmen. We might sign or not sign an agreement on this during the visit of the Chinese premier,” Khurshid told reporters here today. Read more »