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Kunming, Kolkata to target common development goals

By : InKunming | Published: 2013-November-28

The 9th K2K Forum is convened in Kolkata, India.[news.ynxxb.com]

Kong Can(孔灿), the team leader of the Yunnan delegation for the forum, is talking to Indian delegation representatives on the forum.[File Photo]

Background: Mr. Xi Jinping, President of China, had several fruitful meetings this year with Dr. Manmohan Singh, Prime Minister of India. Chinese Premier Li Keqiang and Indian Prime Minister Manmohan Singh exchanged visits within the same calendar year, the first time since 1954. The high-level interactions have brought China-India relations into a new stage of development. The foundation and bonds of China-India ties have been strengthened and understanding and friendship between the two peoples greatly deepened. This year is "the Year of Harvest" for China-India relations.

Kunming and Kolkata had paired off sister cities under witness of Chinese Premier Li Keqiang and Indian Prime Minister Manmohan Singh last month. Beijing and Delhi, Chengdu and Bangalore also established sister city relations at the same time.

The 9th meet of K2K(Kolkata 2 Kunming) Forum was held in Kolkata on November 21st and 22nd. It was the ninth annual session and used to be held in Kunming and Kolkata alternatively.

A 20-member delegation from China, with an additional 25-30 business representatives from Yunnan province, are scheduled to participate in the forum. A corresponding team of business representatives and various chambers that are among the commercial bodies from India also participated.

The forum, started at the sub-regional level in the beginning, is to promote mutual understanding between India and China through increased interactions in the fields of economy, culture and academics.

IANS reported that the forum would focus on seven sectors for great exchange and collaboration between India and Yunnan. These sectors include agriculture and food processing, non-conventional energy (solar), textile, leather, tea and jute products, tourism and IT.

Some Yunnan's well-known enterprises have attended the forum, looking for cooperation and investment opportunities in India.

Yang Huimei, an officer from Yunnan Provincial Commerce Department introduced the bilateral trade conditions between Yunnan and India. She said: "Bilateral trade between Yunnan and India in the latest two years is not very stable according to statistical data. The bilateral trade is even dropping."

"Until now, the trade between Yunnan and India is restricted to goods trade, but not service trade. The trade pattern between the two sides is very limited. Besides, Yunnan only imported a few kinds of goods from India, maintained a simple commodity trade structure with India."

"At present, India has invested 9 small-scale projects that are related to consulting industry in Yunnan, with an amount of 360,000 US dollars; Yunnan also signed two agreements with India for constructing 2 electricity power stations, which are worth 10.41 million US dollars."

Official data showed that trade volume between Yunnan and India in 2012 amounted to 460 million US dollars, with a year-on-year decrease of 45.3%; trade volume between Yunnan and India in the first 9 months of 2013 reached 357 million US dollars, with a year-on-year decline of 4.3%.

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