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The Panchsheel pointers were first formally enunciated in the Agreement on Trade and Intercourse between the Tibet region of China and India signed on April 29, 1954, according to the Ministry of External Affairs. The five principles formed part of the legacy of the then Prime Minister Jawaharlal Nehru and his Chinese counterpart Zhou Enlai in their unsuccessful quest to find a solution to the vexed boundary issue.
“The Five Principles of Peaceful Coexistence answered the call of the times, and its initiation was an inevitable historic development. The Chinese leadership in the past specified the Five Principles in their entirety for the first time, namely, ‘mutual respect for sovereignty and territorial integrity’, ‘mutual non-aggression’, ‘mutual non-interference in each other’s internal affairs’, ‘equality and mutual benefit’, and ‘peaceful coexistence’,” Xi said.