Greater cooperation between China and India will help region

PUBLISHED : Monday, 29 August, 2016, 5:14pm
UPDATED : Monday, 29 August, 2016, 10:11pm

I refer to the article by Syed Munir Khasru (“‘Love thy neighbour’ still great advice for China, India”, August 18). It accurately explained the necessity for stronger neighbourly relations between the two Asian giants.

Stability in relations will not only benefit the economies of these South Asian nations, but also help in the revival of the global economy.

If China has a major presence in India because of its manufacturing companies and exports, India, too, has made its impact as a software and computer technology giant and this technology has benefitted the Chinese economy.

In the last few months, Sino-Indian trade has suffered for various reasons. One reason may be China’s opposition towards India’s entry to the Nuclear Suppliers Group (NSG). India has argued that membership of the NSG could help the country solve its energy crisis. China has frustrated Indian efforts by bracketing it with Pakistan, which is illogical.

This has not only aggravated the energy crisis in India, which is the fastest emerging-market economy. India has matured and now has the necessary political stability and strong economic fundamentals.

Both nations must depend on the further development of BRICS. China’s “One Belt, One Road” initiative also needs support from India. The G20 summit requires cooperation between these two countries.

A visit by Foreign Minister Wang Yi (王毅 ) to India and his meeting with the Indian prime minister may have helped to heal differences between the two countries. India can help ease tensions in the South China Sea. Any situation which adversely affects mutual trade relations is bad for the region economically.

With some European countries experiencing economic problems, India will emerge as an important trading partner for China. India also needs China’s full support to help it revive its manufacturing sector and deal with the threat of Islamic terrorism originating from neighbouring countries.

If issues which can result in differences can be sidelined for the next few years, there can be greater cohesion between these two giant economies, from which both countries will benefit. This can help the region emerge as an economic hub and help revive the global economy.

However, for this to happen, both nations must avoid adopting any protectionist measures or reacting against any perceived threats.

Amitabh Banerjee, Wan Chai