1988: Prime Minister Rajiv Gandhi visits China. The two countries signed an agreement to establish a joint border working group and a joint group on economic relations, trade, science and technology. Their first formal treaty codification took place in 1954 in an agreement between China and India – the trade and transport agreement (exchange of notes) between the Tibet region, China and India, signed in Beijing on April 29, 1954.   Panchsheel was subsequently adopted in a series of resolutions and declarations around the world. February 22, 2000: India and China sign a bilateral trade agreement to make way for the upcoming accession of the World Trade Organization. May 15, 1954: Zhou Enlai visits India. He and Nehru signed the “Panchsheel” Pact, the five principles of peaceful coexistence. In April 1954, India, which considered Tibet to be part of China, reached an agreement with China on the “Panchsheel” principle. The main points of the Panchsheel agreement were: The agreement provides that “do not interfere in the internal affairs of the other”. 1984: India and China sign the trade agreement of the most favoured nation. At the beginning of the Tibetan uprising in 1959, the Dalai Lama and his followers fled Tibet with the help of the CIA to protect their lives in India. The Indian government granted them asylum, and that is it from here that the Panchsheel agreement between India and China broke down.
Although the immediate Prime Minister Nehru tried to establish good relations between the two countries through the Panchsheel agreement, he failed and the 1962 war took place between the two countries. In this way, the Panchsheel agreement was a stimulating step in restoring India`s economic and political relations between India and China to Sanund, but China has exploited it badly and stabbed India in the back on several occasions. China has often stressed its close connection to the Five Principles.  It had proposed it as the five principles of peaceful coexistence at the beginning of the negotiations that, from December 1953 to April 1954 in Delhi, between the delegation of the Government of the People`s Republic of China and the Delegation of the Government of India on relations between the two countries with regard to the disputed areas Von Aksai Chin and what China calls the Southern Stretcher and India Arunachal Pradesh , took place. The aforementioned agreement of 29 April 1954 was to last eight years.  When it broke down, relations were already angry, the provisions of the extension of the agreement were not resumed and the Sino-Indian war broke out between the two sides. The Panchsheel agreement was one of the most important relations between India and China to strengthen economic and security cooperation. The underlying assumption of the Five Principles was that, after decolonization, newly independent states would be able to develop a new and more principled approach to international relations. [Citation required] After a long meeting on the sidelines of the Shanghai Cooperation Organization (SCO), Indian Foreign Ministers S.
Jaishankar and Wang Yi, his Chinese counterpart, agreed to avoid “disputes,” continue military dialogue, ease bilateral tensions and respect all existing pacts and agreements on border issues.