6. Persons who enter the territory of the other Contracting Party in accordance with the preceding paragraphs of this Article may reside in their territory only in accordance with the procedures established by the other Party. Article VI This Agreement shall enter into force upon ratification by both Governments and shall remain in force for eight (8) years. The extension of this Agreement may be negotiated by both Parties if either Party so requests six (6) months before the expiry of the Agreement and the other Party accepts the request. Done in duplicate at Beijing on the twentieth of April 1954 in Hindi, Chinese and English, all texts being of identical application. Energy issues have become more important. Both countries have a growing need for energy to support economic growth. The two countries signed an agreement in 2006 to oblige ONGC Videsh Ltd (OVL) and china National Petroleum Corporation (CNPC) to come up with joint offers for promising projects. India has also modernized its naval and air bases in the Andamans and, by mutual agreement with China, is trying to build a port in Subang, Indonesia, at the mouth of the Strait of Malacca, and explore the possibility of a similar project in Vietnam to create a pressure point at the entrance to the South China Sea.
Since the beginning of the confrontation in Ladakh, there has been speculation that India would make these investments to curb the increase in Chinese influence in the Indian Ocean region. 2. The Chinese government has agreed: (1) Gartok, (2) Pulanchung (Taklakot), (3) Gyanima-Khargo, (4) Gyanima-Chakra, (5) Ramura, (6) Dongbra, (7) Pulang-Sumdo, (8) Nabra, (9) Shangtse and (10) Tashigong as commercial markets; The Government of India agrees that in the future it has become necessary to establish markets for trade in the corresponding region of India, adjacent to the Ari district of the Tibetan region of China and India, if this is necessary according to the development and needs of trade between the Ari district of the Tibet region of China, to consider this issue on the basis of equality and reciprocity. Although the exact details of the June 15 collision and the reasons why things "have escalated to the worst in decades," some experts have drawn attention to a number of factors, including both sides, that violated existing agreements, military rearmament and infrastructure/road development near the LAC, and the lifting of the autonomous status of Jammu & Kashmir by the Indian government, which led to the creation of the Ladakh Union Territory, as a contribution to the current impasse. . . .