Indian and Chinese parliaments are set to sign their first-ever memorandum of understanding to open a new avenue for bilateral exchange.

The MoU will be signed in Beijing [Images] on Monday when Lok Sabha Speaker Somnath Chatterjee meets his Chinese counterpart Wu Bangguo, who is also second in the hierarchy of the ruling Communist Party of China.

Chatterjee, heading a parliamentary delegation to China, arrived in Beijing on Monday on an official visit till July 8.

The two sides are expected to have wide-ranging discussions on bilateral issues as well as other topics of common interest, sources said.

The visit is expected to boost parliamentary-level cooperation between India and China at a time when both sides are taking steps to enhance political, military, cultural and people-to-people contacts that are the key to increase mutual trust, analysts said.