India, China Sign Trade Agreement
- Share via
NEW DELHI — India and China signed a trade agreement Saturday despite a recent Indian statement that economic ties with China would not expand until the two countries settle their border dispute.
The trade pact, signed by visiting Chinese Vice Economic Minister Lu Xua Jiana and India’s Commerce Secretary Prem Kumar, would be worth $100 million to $160 million next year, according to an Indian government statement.
On Thursday, Indian Prime Minister Rajiv Gandhi told Parliament that the boundary dispute, which led to war in 1962, was “substantive” and that India would not “shelve” the issue to expand trade with China.
Sign up for Essential California
The most important California stories and recommendations in your inbox every morning.
You may occasionally receive promotional content from the Los Angeles Times.
