The ministers agreed that the current situation is not in the interest of either side.
India and China have agreed on a five-point plan for resolving the prolonged border face-off in eastern Ladakh that included abiding by all existing agreements and protocol on management of the frontier, maintaining peace and tranquility and avoiding any action that could escalate matters.
The two countries agreed to the plan during talks between External Affairs Minister S Jaishankar and his Chinese counterpart Wang Yi in Moscow on Thursday evening on the sidelines of a Shanghai Cooperation Organisation (SCO) meet.
The Indian Army and the Chinese People's Liberation Army(PLA) have been locked in a tense standoff in multiple areas along the Line of Actual Control(LAC) in eastern Ladakh since early May.
The Ministry of External Affairs(MEA) issued a joint press statement early on Friday featuring five points which were agreed by both the sides at the "frank and constructive" discussions by the two ministers.
"The two foreign ministers agreed that the current situation in the border areas is not in the interest of either side. They agreed, therefore, that the border troops of both sides should continue their dialogue, quickly disengage, maintain proper distance and ease tensions," it said.
The joint statement said Mr Jaishankar and Mr Wang agreed that both sides should take guidance from the series of consensus reached between leaders of the two countries on developing India-China relations, including not allowing differences to become disputes.
This assessment was a clear reference to decisions taken by Prime Minister Narendra Modi and Chinese President Xi Jinping at their two informal summits in 2018 and 2019.
"The two ministers agreed that both sides shall abide by all the existing agreements and protocol on China-India boundary affairs, maintain peace and tranquility in the border areas and avoid any action that could escalate matters," the joint statement said.
At the talks, Mr Jaishankar and Mr Wang agreed that as the situation eases on the border, the two sides should expedite work to conclude new confidence building measures to maintain and enhance peace and tranquility in the border areas.
The joint statement said the two sides also agreed to continue to have dialogue and communication through the Special Representative(SR) mechanism on the India-China boundary question.
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