The Panchsheel agreement was a treaty signed between India and China. The agreement aimed to promote peaceful coexistence and non-interference in each other`s internal affairs. The principles of the agreement were mutual respect for each other`s territorial integrity and sovereignty, non-aggression, non-interference in each other`s internal affairs, equality and mutual benefit, and peaceful coexistence. This agreement was signed on April 29, 1954, and became a foundation of India`s foreign policy towards China. It helped to establish diplomatic and economic relations between the two countries. The Panchsheel agreement symbolized the desire for peaceful relations and cooperation between India and China, although tensions between the two countries have arisen in later years.