China, India In Talks To Revive Border Trade Halted Since 2020

India and China are discussing resuming border trade of domestic goods after more than five years, said Bloomberg in a report on Thursday, citing officials in New Delhi familiar with the matter.

It has been learnt that the trade talks between India and China may soon start for a deal that could cover supply of critical rare earth magnets, pharmaceuticals and fertilisers. Pharma, fertilizers and critical rare earth magnets are the top three items on the agenda for talks, a report by The Economic Times said on August 14.

The trade talks are a signal of easing tensions between the two Asian rivals. Notably, India’s ties with China are improving at a time when New Delhi’s ties with Washington are becoming strained over trade tariffs.