India, China agree to boost trade.

Byline: Nilofar Suhrawardy

NEW DELHI: India and China agreed on Thursday to have a two-tier mechanism to enhance bilateral trade and economic cooperation. The issue was discussed between Indian Commerce Secretary G.K. Pillai, Chinese Vice Minister of Commerce Zhong Shan and senior officials from both the sides.

India also asked China to explore possibility of more diversified exports from India. "Given the immense potential the two countries have, in both production and the consumption capabilities, we need to work more closely to remove all the minor irritants that creep into our economic and trade relations," Pillai said at the meeting.

The two …