Sitharaman is on a four-day visit to the Union Territory of Ladakh.
India's electric vehicle (EV) ambitions may face a critical supply-side hurdle due to China's tightening grip on rare earth magnet exports, according to a report by Crisil Ratings.
The agreement between the United States and China over rare earth exports marks a small but telling pause in what has become an increasingly tangled and volatile economic conflict.
Amid reports that China provided diplomatic and military support to Pakistan during its recent conflict with India, Foreign Secretary Vikram Misri met China’s Vice Foreign Minister Sun Weidong, who is on a two-day visit to India.
The Ministry of External Affairs (MEA) on Thursday informed that India is in touch with China, seeking predictability in the supply of rare earth metals – which had been put under the export controls regime by the Xi administration.
The U.S. nuclear submarine deal with Australia and the U.K. has also angered China, which claims most of the disputed South China Sea and warned the pact would threaten regional stability is likely to be raised in the meeting.
He said that although the Indo-Pacific was characterised by diversity, marked by a multiplicity of cultures, ethnicities, economic models, governance systems and varied aspirations, the oceans remained a common binding link.
China and ASEAN member states, especially Vietnam, have fostered practical cooperation on curbing the spread of Covid-19 and accelerating economic recovery amid the prolonged outbreaks and their devastating impacts on the region as well as the world.
At the United Nations, Russia and China have both pushed for Taliban sanctions to be lifted, something highlighted during this week's Moscow Summit.
Representatives from various governments around the globe cataloged a long list of ways in which they said China bends or breaks the rules, the report said.
