HISTORICAL DEVELOPMENT OF CHINA'S FOREIGN POLICY IN INDIA

Foreign trade and economic policy have become one of the most important strategies to promote commerce and investment activities and promote socio-economic and political relationships in the evercompetitive global arena. Bilateral and multilateral business treaties and free economic zone among states are very common fashion for the purpose throughout the world. Two economic powerhouses of Asia, China and India, are not lagging behind the trade and applying various strategies to improve trade relations and bring socioeconomic and political development most in recent decades. The main purpose of the study is to analyze the initiatives and policies the countries pursue to smooth and promote trade relations. The study is based on basically secondary sources of data and information which includes scientific and academic journals, scholars, articles, research papers, books and other relevant sources pertaining to the subject. The study recommended a wide range of factors including bilateral treaties, free economic zones, joint ventures, settling border disputes, improving microeconomic policy, reducing bureaucracy and corruption, pursuing competitive advantage policy and working jointly to solve regional and global problems to promote SinoIndian trade relation.