A Joint Study Group was constituted following Prime Minister’s visit to Beijing in June 2003. The relevant declaration in this regard is reproduced below :-

"The two sides will set up a compact Joint Study Group (JSG) composed of officials and economists to examine the potential complementarities between the two countries in expanded trade and economic cooperation. The JSG would also draw up a programme for the development of India-China trade and economic cooperation for the next five years, aimed at encouraging greater cooperation between the business communities of both sides. The Group should present a study report and recommendation to the two Governments on measures for comprehensive trade and economic cooperation by the end of June 2004".

The Joint Study Group has since been constituted and finalised its terms of reference. The Joint Study Group has had its first meeting on March 22-23, 2004 in Beijing. The 2 nd meeting was held in New Delhi on July 26-28, 2004. The 3 rd meeting is scheduled to be held in Beijing between 8-10 th November, 2004.