In a major confidence building measure, India and China on Tuesday signed an agreement for setting up a mechanism to avert any untoward incident on the border, with Prime Minister Manmohan Singh saying good cooperation between the two countries would bring "great changes" in the world. The agreement was signed after two days of talks between Special Representatives -- National Security Advisor Shivshankar Menon and Chinese State Councillor Dai Bingguo.
India and China will hold the 15th bilateral round of talks in this capital with an agenda to address border claims, visas, cooperation and improve current bilateral trade from $60 billion to $100 billion by 2015.
The fresh round of India-China special representative talks, which were postponed in November after the Chinese protested the Dalai Lama's scheduled participation in a programme in New Delhi, will now be held on January 16-17 in the capital.
India's concerns over China's plans to build two nuclear reactors for Pakistan and bilateral issues are set to figure prominently during talks between Prime Minister Manmohan Singh's special envoy Shiv Shankar Menon and the Chinese leadership in Beijing from Saturday.
India and China on Monday began talks to put in place a mechanism for management of the border between the two nations, an issue that has been an irritant in bilateral relations.
Ahead of Chinese Premier Wen Jiabao's New Delhi visit, India and China on Monday explored ways to resolve the vexed boundary issue as the special representatives of the two countries held the 14th round of border talks in Beijng.
China has said that it has "no objection" to India's candidature for a permanent seat in the United Nations Security Council but was firmly opposed to Japan's bid for the same due to "historical baggage", according to Communist Party of India-Marxist leader Sitaram Yechury.