The Five Principles of Peaceful Coexistence, known in Nepal and India as the Panchsheel Treaty (from Pali, panch: five, sheel: virtues), are a series of principles which formed the bedrock of the relationship between India and the People's Republic of China. Their first formal codification in treaty form was in an agreement between China and India in 1954. They were enunciated in the preamble to the "Agreement (with exchange of notes) on trade and intercourse between Tibet Region of China and India", which was signed in Peking on 29 April 1954. This agreement stated the five principles as:
An underlying assumption of the Five Principles was that newly independent states after decolonization would be able to develop a new and more principled approach to international relations. The principles were emphasized by the Prime Minister of India, Jawaharlal Nehru, in a broadcast speech made at the time of the Asian Prime Ministers Conference in Colombo, Sri Lanka just a few days after the signing of the Sino-Indian treaty in Beijing. Nehru went so far as to say: "If these principles were recognized in the mutual relations of all countries, then indeed there would hardly be any conflict and certainly no war." The five principles were subsequently incorporated in modified form in a statement of ten principles issued in April 1955 at the historic Asian-African Conference in Bandung, Indonesia, which did more than any other meeting to form the idea that post-colonial states had something special to offer the world.
It has been suggested that the five principles had partly originated as the five principles of the Indonesian state. In June 1945 Sukarno, the Indonesian nationalist leader, had proclaimed five general principles, or pancasila, on which future institutions were to be founded. Indonesia became independent in 1949.
The Five Principles as they had been adopted in Colombo and elsewhere formed the basis of the Non-Aligned Movement, established in Belgrade, Yugoslavia in 1961.