A collaboration of India and China which was formed as the treaty for the promotion of the several military and economic ambitions carried out in the middle of the 1950’s. China, the maker of the five standards, needed to put neighbors' psyche very still who had created second thoughts about it over the span of the Korean War, and to progressively deny them far from the United States. India's reasoning about Panchsheel is influencing accessible some level of support with regards to the limit to fight with China, notwithstanding a methods for rebuking the United States moves to set up crisp military coalitions in Asia. In a last touch of incongruity, the five standards found a place in the Shanghai Communiqué (1972), making typical Sino-US relations.
This Treaty was signed in Bandung…
Further you can grab the information in the below link:
Report on Panchsheel Agreement