(13) Traders in each country may rent buildings and godowns in places under the jurisdiction of the other party, in accordance with local rules. (14) Traders in both countries may exercise normal trade in accordance with local rules in the places covered by Article II of the agreement. (15) Disputes between the economic operators of the two countries over debt and receivables are dealt with in accordance with local laws and regulations. On behalf of the Government of the Republic of India, I agree that this communication, together with Your Excellency`s response, will become an agreement between our two governments that will come into force after these notes are exchanged. I would like to take this opportunity to tell Your Excellency, The Deputy Minister of Foreign Affairs, what assurances I have for my highest esteem. Article X Special representatives on the issue of borders continue their consultations to find an agreed framework for a border settlement that will serve as the basis for the delimitation and delimitation of the India-China border, which will then be carried out by civilian and military officers and surveyors from both sides. Article XI This agreement enters into force on the date of signing and is amended and complemented by mutual agreement between the two parties. Signed in two ballot boxes in New Delhi on April 11, 2005, in Hindi, Chinese and English, the three texts are also authentic. In case of deviation, priority is given to the English text. For the Government of the Republic of India For the Government of the People`s Republic of China New Delhi 11 April 2005 The non-resolution of the border conflict led to the Sino-Indian War of 1962 and there is no final agreement between the countries on the exact location of the LAC. According to Alyssa Ayres, South Asia specialist at the Council on Foreign Relations, “China and India have different views of where they should be, resulting in regular border crossings. Often these tensions do not escalate; A serious border demarcation situation, such as the one we have at the moment, is less common, although it is the fourth since 2013. The fundamental outlines of the proposal include the withdrawal of armoured officers within a day of the adoption of an agreement, the withdrawal of troops from certain areas on the north and south shores of Pangong Lake, east of Ladakh, and the implementation of the review of the withdrawal process by both sides, he said.
The sixth round of talks came days after a five-point agreement was reached between Foreign Minister S. Jaishankar and his Chinese counterpart Wang Yi to settle the dispute at a meeting held on 10 September in Moscow on the sidelines of a Shanghai Land Cooperation Organization (SCO) conclave. In 1995, discussions by the India-China Panel of Experts resulted in an agreement on the creation of two additional points of contact along the 4,000 km border to facilitate military-to-military meetings. Both sides were reportedly “seriously” concerned about the definition of the McMahon Line and the line of effective control of military exercises and the prevention of air penetration. Discussions were held in Beijing in July and New Delhi in August on improving border security, combating cross-border crime and further troop withdrawals.