CHINA — India’s visa-free regime for its citizens to visit the mainland is set to become a reality soon, with a draft law expected to be approved by the upper house of parliament and signed into law by the Chinese president.
The draft law will be brought to the president’s signature and then it will be submitted to the National People’s Congress (NPC) to be signed into effect.
It is a milestone for the Indian economy, which is estimated to generate more than $2 trillion annually in trade.
It comes amid growing concerns over China’s growing military footprint and territorial claims in the South China Sea, which has become a hot political issue in China and beyond.
The NPC’s approval could also pave the way for India’s entry into a free trade zone with the United States and other countries in the region, which the Indian government says is essential to combat international terrorism.
In February, the Chinese parliament approved an international law granting Beijing sweeping rights to regulate trade, finance, technology, education and other industries in the area.