Today’s Talk will feature an international political topic between two very important countries, China and India. Much has been said within the United States concerning the trade deficit that we occur with China. However, we often don’t hear about the other side to China with respect to their trading partners in their region. China and India are extremely crucial in providing stability in the Asian-Pacific region and internationally. They are the fastest growing economies along with having the fastest population growth.
The President of China made a historic trip to India yesterday to further show the commitment between the two trading partners. It is expected that the two will exceed $20 billion worth in trade in 2007 which is quite an accomplishment considering bilateral relations have not always be amicable. However, relations between the two are far different from the early 60s.
There are still ongoing issues between the two countries with India stating that the quality of goods is not up to par with their standards and China stating that India is blocking investments in key areas.
With the conclusion of the recent APEC meeting in Vietnam, the U.S. must now watch carefully how trading between India and China will effect the trading status with the U.S.
Further statistical information can be found here:
India Country Profile (PDF) (very detailed)
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