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EAM Jaishankar and Chinese Foreign Minister Wang Yi talk trade, push for stability

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New Delhi: External Affairs Minister S Jaishankar on Monday held talks with visiting Chinese Foreign Minister Wang Yi on trade restrictions and other key issues, saying the two nations must move forward after "a difficult period in our relationship".

The two ministers also exchanged views on global developments, including the Ukraine conflict and US tariffs.

"Having seen a difficult period in our relationship, our two nations now seek to move ahead. This calls for a candid and constructive approach from both sides. In doing so, we must be guided by the three mutuals - respect, sensitivity and interest. Differences must not turn into disputes, nor competition into conflict," Jaishankar said in his opening remarks.

Wang Yi is on a two-day visit to India ahead of PM Narendra Modi's China trip for the SCO Summit, where he may also meet President Xi Jinping. He will hold the next round of Special Representative-level talks with NSA Ajit Doval on Tuesday, and also meet Modi.

Talks covered economic and trade issues, pilgrimages, people-to-people contacts, river data sharing, border trade, connectivity and bilateral exchanges. Jaishankar also raised concerns - notably Beijing's trade restrictions - which he had flagged during his China visit in July.

China has halted DAP fertiliser exports to India without any official notice. Resumption is on the agenda. Efforts are also under way to restore imports of rare earth magnets and pharmaceuticals from China.

The two ministers also discussed maintaining peace along the Line of Actual Control. Jaishankar stressed in his opening remarks that border issues were crucial, "as positive momentum in ties rests on the ability to jointly maintain peace and tranquillity along the border. The de-escalation process must also move forward."

"We seek a fair and balanced multipolar world order, including a multipolar Asia. Reformed multilateralism is the need of the hour. There is an urgent need to maintain and enhance stability in the global economy. The fight against terrorism in all its forms remains a major priority."

The two ministers also discussed issues that "serve both our interests and address our concerns," as well as the SCO agenda ahead of the summit China is hosting from August 31.
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