Indian and Chinese parliaments are set to sign their first-ever memorandum of understanding to open a new avenue for bilateral exchange.

The MoU will be signed in Beijing on Monday when Lok Sabha Speaker Somnath Chatterjee meets his Chinese counterpart Wu Bangguo, who is also second in the hierarchy of the ruling Communist Party of China.

Chatterjee, heading a parliamentary delegation to China, arrived in Beijing on Monday on an official visit till July 8.

The two sides are expected to have wide-ranging discussions on bilateral issues as well as other topics of common interest, sources said.

The visit is expected to boost parliamentary-level cooperation between India and China at a time when both sides are taking steps to enhance political, military, cultural and people-to-people contacts that are the key to increase mutual trust, analysts said.