Encouraged by the successful Bangladesh-China-India- Myanmar (BCIM) Car Rally of February 2013 between Kolkata and Kunming, the two sides agreed to consult the other parties with a view to establishing a Joint Study Group on strengthening connectivity in the BCIM region for closer economic, trade, and people-to-people linkages and to initiating the development of a BCIM Economic Corridor.

India and China agreed to further strengthen cooperation on trans-border rivers. They agreed to cooperate through the Expert Level Mechanism on provision of flood-season hydrological data and emergency management, and exchange views on other issues of mutual interest.

“We also took stock of lessons learnt from the recent incident in the Western Sector, when existing mechanisms proved their worth. We tasked our Special Representatives to consider further measures that may be needed to maintain peace and tranquility along the border. We agreed that our Special Representatives will meet soon to continue discussions, seeking early agreement on a framework for a fair, reasonable and mutually acceptable boundary settlement.” said the Indian Prime Minister Dr Manmohan Singh at the conclusion of delegation level talks with the Chinese team led by Premier Li Keqiang here on Monday.

Both the leaders agreed “to push forward the process of negotiations and seek a framework for a fair, reasonable and mutually acceptable settlement in accordance with the Agreement on Political Parameters and Guiding Principles. Pending the resolution of the boundary question, the two sides shall work together to maintain peace and tranquility in the border areas in line with the previous agreements,” the joint statement issued at the end of the delegation level talks said.

As a part of the confidence building measures both sides decided to enhance interaction in the military field and agreed to hold the next round of joint training exercises later this year. They also o decided to increase exchanges between the Army, Navy and Air Force of the two countries.

India and China agreed to strive for achieving bilateral trade target of $100 billion by 2015, address trade imbalance and promote investment. The first meeting of India-China CEO’s Forum was also held on Monday.

India and China signed eight pacts including the one to improve facilities Kailash Mansarovar Yatra every year between May to September. Another agreement signed is for setting up of three working sub-groups under joint economic group, namely for service trade promotion, economic and trade planning and trade statistical analysis.

Agreement mutual cooperation in trade and safety of buffalo meat, fishery products and feed and feed ingredients was also signed.

Agreement for cooperation in sewage treatment in urban areas was signed between the two countries. Also a MoU for cooperation in water efficient technology was signed.

Other agreements signed relates to cooperation in translation and publication of 25 classic texts from each side, exchange of hydrological information on Brahmaputra river and people-to-people contact.

On Afghanistan issue, both India and China reiterated their support for an 'Afghan-led, Afghan-owned” reconciliation process and their commitment to working with regional countries and the international community to help Afghanistan achieve its objective of peace, stability, independence and development at an early date.