HIINDIA.COM
South Asian Views On Global News - Update 24X7
ELI

Cabinet gives nod for pact with UAE on India-Middle East Europe Economic Corridor

BUY-SELL | HELP WANTED | MATRIMONIAL

New Delhi, March 13 (IANS) The Union Cabinet, chaired by Prime Minister Narendra Modi, on Wednesday, gave its ex-post facto approval to the Inter-Governmental Framework Agreement (IGFA) that was signed on February 13 between India and the United Arab Emirates on cooperation for the empowerment and operation of the India-Middle East Europe Economic Corridor (IMEC).
The aim of the IGFA is to enhance bilateral relations and to further strengthen the relations between the two countries in the ports, maritime, and logistics sectors, according to an official statement issued after the meeting.The IGFA includes areas of cooperation between the two countries with the objective of exploring the further potential of future joint investment and collaboration in respect of the development of the IMEC.The agreement contains a detailed framework for cooperation between the two countries. The cooperation will be based on a set of mutually agreed upon principles, guidelines, and agreements consistent with the relevant rules and regulations of the countries’ jurisdiction.–IANSsps/vd

Replica of Print on your device!

CLICK & Send us 'hi' for Free Subscription

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept