China says it’s reached a strategic consensus with India to deepen mutual trust. Premier Li Keqiang made the statement after talks with Indian Prime Minister Manmohan Singh on Monday in New Delhi. The two sides signed eight agreements to expand practical cooperation between the two countries.

The two Asian neighbors have agreed to improve the mechanism for settling border disputes and reiterated their commitment to maintaining peace and tranquility.

Premier Li Keqiang said they had established principles for settling the issue. He believes they should further tap into common ground.

"Both Mr. Singh and I believe there are far more common interests than differences between our two sides. We need to confront issues with a broad mind, and tackle them in a mature way," Li Keqiang said.

Special representatives from China and India will meet soon to seek an early agreement on a fair, reasonable and mutually acceptable boundary settlement.

Meanwhile the two sides have signed an agreement to increase communication on trans-border waters.

Altogether eight agreements were signed, from trade, to tourism and culture.

India’s Prime Minister called for more mutual trust to expand converging interests.

"It’s important to build understanding between our two peoples. We agreed that both sides must work to strengthen greater trust and confidence, which, in turn, will permit much larger cooperation," Manmohan Singh said.

The two sides agreed to cooperate on industrial parks, infrastructure and other areas, work towards creating an economic corridor with Bangladesh and Myanmar, and to connect the huge Chinese and Indian markets.

The world’s two largest developing countries have issued a joint statement explaining their aim to deepen their partnership over a broad spectrum of issues. Leaders of both countries have agreed to look beyond their differences and keep their eyes on the future. Cooperation between China and India goes beyond their bilateral scope and has a global and strategic significance.