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India, China to discuss Afghan situation, trade protectionism
May 14, 2019

India and China armed with the goodwill created by designation of JeM chief Masood Azhar as a global terrorist by the UN Security Council is stepping up engagements to infuse momentum in bilateral partnership including coordination on key global challenges – Afghanistan, Iran and trade protectionism. 
 
Sushma Swaraj is expected to meet her Chinese counterpart Wang Yi in Kyrgyzstan at the SCO Foreign Ministers meet on April 20-21 in what will be first Ministerial level engagement since China decided to lift technical hold to designate Azhar under the 1267 Sanctions Committee. The two Ministers among other issues could explore measures to fight challenges emanating from US trade protectionism and fallout following withdrawal of waiver for Iranian oil imports. 
 
The Foreign Minster meet will set stage for a possible meeting between Indian PM and the Chinese President at Bishkek on the side lines of the SCO Summit on June 14-15. The two leaders are also expected to meet later in June in RIC and BRICS format on the sidelines of G-20 Summit in Japan. The Chinese President is scheduled to visit India in the last quarter of this year for the second edition of the informal Summit. India wants China to do more on Pak-based terror infrastructure. 
 
Any rise in global oil prices in the absence of Iran from world energy market could be a challenge for the new government in Delhi that will be sworn in after May 23. Simultaneously, while Sino-US trade war presents an opportunity for Indian exports to USA, there could be implications on both commodity prices and currencies as the trade war escalates. While the dollar may get stronger and pressurize the rupee, the continuation of trade war can cause volatility. If the Sino-US trade war continues global trade could get more volatile and also affect investment flows. 
 
    

Economictimes.indiatimes

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