The two countries India and China have agreed to step up the defence and security dialogue and work to take steps to ensure that the two countries achieve a $100 billion trade target by the year 2015. The price minister of India, Manmohan Singh and his Chinese counterpart Wen Jiabo had a meeting of about 40 minutes.

Singh and Wen spoke about the need to continue with this dialogue on the sidelines of the Rio+20 Environment Summit in Rio de Janeiro. Ranjan Mathai, the Foreign Secretary after the meeting briefed the reporters and said that during the discussion on trade and economic cooperation, Singh invited Chinese investment in the Indian infrastructure.

Mathai also added that the Indian rice exports to China will commence soon. With reference to the good chemistry between them, Mr Wen told Singh that their meeting in Brazil was the 13th between them.

Mathai also revealed that the two leaders talked about issue of trans border rivers flowing in India and china during which Beijing agreed to transfer of information on this regard to New Delhi. The official sources have said that the move has sent a strong signal to China on the rivers issue. This is also important as India was a lower riparian country.