Chinese, Indian PMs discuss free trade

Chinese, Indian PMs discuss free trade

Near the top of the agenda when Chinese Prime Minister Wen Jiabao meets with his Indian counterpart, Manmohan Singh, today in New Delhi [c1]will be discussion on a five-year plan for economic and trade cooperation. At the heart of the plan is the establishment of the world's largest free trade zone. The countries had a bilateral trade volume of $13.6 billion in 2004. The delegations from both sides will also work to establish a barter agreement whereby China will ship coal to India and in return will receive high-grade iron.