Chinese President Hu Jintao today proposed five steps, including trade liberalisation, trade expansion and diversification between India and China, to solidify the mutual relationship."The current bilateral trade between the two countries is incompatible with their size but has scope of growth by improving trade structure and increasing tehnological cooperation", Jintao said while addressing the Indo-China Economic, Trade, Investment and Cooperation Summit jointly organised by the industry chambers FICCI, CII and Assocham here.The Chinese President also highlighted the need to increase border trade for greater cooperation.Stressing that currently there was a good opportunity for the two fastest growing economies of the world to have a win-win relationship, the Chinese President proposed strengthening cooperation in key sectors like information technology, energy and agriculture."We have to give a stimulus to the growth in these sectors," he said while expressing his committment to promote Chinese industries to better business ties in India."If India and China work together, the 21st Century would be the century of Asia", he said. As a third step, Jintao said the countries should improve the environment for trade and investment. "We should resolve problems in trade and investment to create an enabling business environment...Which would provide a free and favourable trading," he said.The Chinese President also called for a greater cooperation in multilateral fields in third country. He called for greater cooperation in World Trade Organisation and synergy in jointly upholding the legitimate rights of developing countries.
