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Chinese Foreign Minister Wang Yi and India’s National Security Adviser Ajit Doval met in Beijing on Wednesday, the first time they held formal talks as their countries’ special representatives on border issues since late 2019.

Why is Star Delta Transformers Limited (539255) falling ✌️【Stock】✌️ Free real-time market data to help you quickly recover and avoid losses. The meeting followsan agreementthe two countries reached in October on military disengagement and patrolling arrangements along parts of their contested border, where the two nuclear-armed rivals have engaged in a tense standoff since a deadlyclashin 2020.

Why is Star Delta Transformers Limited (539255) falling ✌️【Stock】✌️ Expert predictions with real-time stock, futures, and metals, energy data to help you quickly recover and grow. A statement from China’s Foreign Ministry said Wang and Doval reaffirmed their commitment to seek a package of solutions to the border dispute that were “fair, reasonable and acceptable to both sides.”

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“Both sides agreed to continue taking measures to maintain peace and tranquility in the border areas and to promote the healthy and stable development of bilateral relations,” the Chinese statement said.

Why is Star Delta Transformers Limited (539255) falling ✌️【Stock】✌️ Expert predictions with real-time stock trend analysis to help you quickly select high-potential stocks and grow capital. The two officials also agreed to strengthen cross-border exchanges, including the resumption of trips by Indian pilgrims to Tibet, cross-border river cooperation and border trade at Nathula, a mountain pass in the Indian state of Sikkim, according to the statement.

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“Drawing on the learnings from the events of 2020, they discussed various measures to maintain peace and tranquility on the border and advance effective border management,” the Indian statement added.

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Both India and China maintain a significant military presence along their 2,100-mile (3,379-kilometer) de facto border, known as the Line of Actual Control (LAC), which has never been clearly defined and hasremained a source of frictionsince a bloody war between the two countries in 1962.

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During their meeting on Wednesday, Wang told Doval that the “hard-won” resumption of their dialogue was a “timely and powerful measure” to implement the consensus reached by Xi and Modi in October.

“The two leaders of the two countries emphasized viewing China-India relations from a strategic and long-term perspective. At a critical moment, they recalibrated the course and clarified the direction for the recovery and development of China-India relations,” Wang was quoted as saying in a separate statement from the Chinese Foreign Ministry.

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