The Panchsheel Agreement, also known as the Five Principles of Peaceful Coexistence, is a set of principles that were signed between two countries, namely India and China. The agreement was signed on April 29, 1954, in the Indian capital of New Delhi.

The Panchsheel Agreement was a major diplomatic achievement for both India and China, as it helped to establish a framework for peaceful coexistence between the two countries. The five principles that were laid out in 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.

The Panchsheel Agreement was seen as a model for peaceful coexistence between countries, and it influenced international relations in Asia and beyond. The principles were subsequently adopted by several other countries, including Indonesia, Myanmar, and Sri Lanka.

However, the Panchsheel Agreement did not prevent tensions between India and China from rising, and the two countries were involved in a border dispute in 1962. Despite this, the Panchsheel Agreement remains an important milestone in the history of India-China relations, and it continues to be studied and discussed by scholars and policymakers today.

In conclusion, the Panchsheel Agreement was signed between India and China in 1954. It laid out a set of principles for peaceful coexistence between the two countries and influenced international relations in Asia and beyond. Though tensions between India and China have continued, the agreement remains an important milestone in their history and is still relevant today.