Four MOUs signed in India-China economic dialogue

This document records the agreed minutes of the 2nd India-China Strategic Economic Dialogue held in New Delhi on 26 November 2012. India and China committed to improving macro-economic policy coordination, promoting exchanges on economic issues, and enhancing bilateral economic cooperation.

The agreement involves the Republic of India and the People’s Republic of China. Specific entities named include the Planning Commission (India), National Development and Reform Commission (China), Ministry of Railways (both countries), Bureau of Energy Efficiency/Ministry of Power (India), National Association of Software and Services Companies (NASSCOM, India), and China Software Industry Association (CSIA, China). Sectors affected include trade, investment, finance, infrastructure (railways), energy, environment, and high-technology (IT/ITES).

• Agreement to conduct joint studies on planning cooperation and skills development.
• Agreement to exchange views and information on railway development, including high-speed rail and heavy haul.
• Agreement to enhance cooperation in energy efficiency projects through energy service companies (ESCOs) and develop testing protocols/standards.
• Agreement to enhance cooperation in Information Technology and ITES (IT/ITES) and explore common standards for digital TV, audio/video codecs, and mobile communication technology.
• Signing of four Memorandums of Understanding (MoUs) covering joint studies, energy efficiency, railway technical cooperation, and IT/ITES cooperation.
• Agreement to convene the 3rd Dialogue in China in 2013.

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