New Delhi, Sep 18 (ANI): India and China on Thursday signed 12 agreements, including one on five years economic and trade development plan. An agreement on audio visual co-production, two documents on railways, another document on work plan for drug administration and a MoU on culture were exchanged between the two countries. An MoU on peaceful use of outer space and a twinning agreement between Shanghai and Mumbai were also signed. Prime Minister Narendra Modi said that Chinese President Xi Jinping has assured that he will take concrete steps to correct the trade imbalance and give more market access and investment in China.