India, China reach pact to resolve border conflict, Indian foreign minister says

India, China reach pact to resolve border conflict, Indian foreign minister says


India and China have reached a deal on patrolling their disputed frontier to end a four-year military stand-off, the Indian foreign minister said on Monday, paving the way for improved political and business ties between the Asian giants.

Estherpoon | Istock | Getty Images

India and China have reached a deal on patrolling their disputed frontier to end a four-year military stand-off, the Indian foreign minister said on Monday, paving the way for improved political and business ties between the Asian giants.

The news came on the eve of Indian Prime Minister Narendra Modi’s visit to Russia for an Oct. 22-24 summit of the BRICS regional grouping, during which he could hold talks with Chinese President Xi Jinping, Indian officials said.

Relations between the world’s two most populous nations — both nuclear powers — have been strained since clashes between their troops on the largely un-demarcated frontier in the western Himalayas left 20 Indian and four Chinese soldiers dead in 2020.

The two sides had since stopped patrolling several points along the border in the Ladakh region to avoid new confrontations, while moving tens of thousands of new troops and military equipment closer to the freezing highlands.

“We reached an agreement on patrolling, and with that we have gone back to where the situation was in 2020 and we can say… the disengagement process with China has been completed,” Indian Foreign Minister Subrahmanyam Jaishankar said at a NDTV media conclave.

Nomura: India and China both 'very investable' but India is better in the long term

The “understanding was reached only today,” he said, adding: “We always said that if you disturb the peace and tranquility how can the rest of the relationship go forward?”

To avoid clashes, the two militaries will patrol contested points along the border according to an agreed schedule, a senior Indian military officer aware of the details told Reuters.

Both sides will monitor the area in Ladakh to ensure that there are no violations, the officer added.

Authorities in Beijing offered no immediate response to India’s remarks.

Officials in New Delhi said the pact clears the path for a likely bilateral meeting between Modi and Xi on the sidelines of the BRICS summit, which will be their first since 2020.

The senior military officer said that both sides would pull back their troops a little from current positions to avoid face-offs, but would be allowed to patrol these areas according to a schedule that is being worked out.

Monthly review meetings and regular monitoring of the contested areas by both sides would ensure there are no violations, he added.

Deependra Singh Hooda, a retired senior Indian army officer who was a commander for a part of the China frontier, said that while the two sides would need fresh confidence-building measures, “at least the impasse has been broken”.

Slow progress during talks over the last four years to end the stand-off damaged business ties between the two large economies, with New Delhi tightening scrutiny of investment by Chinese firms and halting major projects.

India’s tougher vetting of all Chinese investment after the clashes effectively turned away billions of dollars from the likes of carmakers BYD and Great Wall Motor, and added more red tape in Indian firms’ interactions with Chinese stakeholders.

However, Indian imports from China have surged 56% since the 2020 border clash, nearly doubling New Delhi’s trade deficit with Beijing to $85 billion. China remains India’s biggest source of goods and was its largest supplier of industrial products last year.

Asked about the impact of Monday’s pact on trade with and investment from China, Jaishankar said: “It has just happened. There will be meetings to see what the next steps will be. I wouldn’t go so fast.”



Source

Paramount guarantees Larry Ellison backing in amended WBD bid
World

Paramount guarantees Larry Ellison backing in amended WBD bid

US film producer David Ellison arrives for Paramount’s “Transformers: Rise Of The Beasts” premiere in New York City on June 5, 2023. Angela Weiss | Afp | Getty Images Paramount Skydance on Monday guaranteed the backing of billionaire Larry Ellison in an amended offer for Warner Bros. Discovery — a clear response to questions raised […]

Read More
U.S. Treasury yields edge higher as investors prepare for holiday-shortened week
World

U.S. Treasury yields edge higher as investors prepare for holiday-shortened week

Traders work on the floor of the New York Stock Exchange during morning trading on November 19, 2025 in New York City. Stocks opened up mixed amid the release of the Nvidia earnings report along with other third quarter numbers. (Photo by Michael M. Santiago/Getty Images) Michael M. Santiago | Getty Images News | Getty […]

Read More
Here’s where the stock market is headed in 2026, according to Wall Street’s top strategists
World

Here’s where the stock market is headed in 2026, according to Wall Street’s top strategists

Stocks are in for another double-digit gain in 2026, according to Wall Street’s top strategists. Wall Street is confident the bull market can continue for another year, albeit not as strong as this one has been, according to the 2026 CNBC Market Strategist Survey . On average, strategists expect the S & P 500 can […]

Read More