The principles of Panchsheel are a set of five principles governingthe relations between states. The first formal codification in treatyform was done in an agreement between China and India. The‘Panchsheel Agreement’ for peaceful coexistence was signed in 1954 between China and India. It implies the five principles of conduct in international relations. These principles were: (i) mutual respect for each other’s territorial integrity and sovereignty; (ii) nonaggression; (iii) non-interference in each other’s internal affairs; (iv) equality and mutual benefit; and (v) peaceful co-existence. The assumption of Panchsheel was that the newly independent states after decolonisation would be able to develop a new and more principled approach to the international relations.