financetom
Economy
financetom
/
Economy
/
India, Maldives sign pacts to boost cooperation on IT, agribusiness
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
India, Maldives sign pacts to boost cooperation on IT, agribusiness
Dec 17, 2018 8:31 PM

India and Maldives inked four pacts including in the areas of cooperation in culture, agribusiness and information technology and for easy facilitation of visas. Welcoming the pact on facilitation of visa arrangements, Maldivian President Ibrahim Mohamed Solih expressed satisfaction that this will facilitate many Maldivians who send their children to school in India, to be able to accompany them, a joint statement.

Share Market Live

NSE

It added that the pact will also facilitate easier visa arrangements for Maldivian citizens and their families to come to India for medical treatment.

Prime Minister Narendra Modi noted that the new agreement will address the common concerns and ensure that people-to-people contacts are enhanced.

The Maldives is one of the very few countries with which India has a visa free arrangement.

The other agreements were on cultural cooperation, establishing mutual cooperation to improve the ecosystem for agribusiness and joint declaration of intent on cooperation in the field of information & communications technology and electronics.

According to the statement, both sides agreed to work together to create institutional linkages and to establish a framework of cooperation in areas of health, mutual legal assistance on criminal matters, investment promotion and tourism.

Solih arrived here Sunday on a three-day state visit, his first foreign trip after assuming office in the island nation a month ago.

In a joint press statement, Modi said it was matter for honour and pride that Solih chose India as the country for his first foreign visit,

On his part, Solih reaffirmed his government's "India-First Policy" and commitment to working together closely with India.

Modi also announced that India would provide 1,000 additional slots over next five years for training and capacity building in diverse fields including judicial, policing and law-enforcement, audit and financial management, local governance, community development, IT, e-governance, sports, media, youth and women empowerment, leadership, innovation and entrepreneurship, art and culture.

Modi and Solih reaffirmed their "unwavering commitment" and support for increased cooperation in combating terrorism in all its forms and manifestations both within the region and elsewhere.

Both sides agreed to enhance bilateral cooperation on issues of common concern, including piracy, terrorism, organised crime, drugs and human trafficking. It was also agreed to intensify cooperation in the areas of training and capacity building of Maldives Police Service and Maldives National Defence Force.

Both leaders agreed on the importance of combatting the impacts of climate change, especially detrimental to developing countries, and Small Island Developing States, and the need to work towards strengthening the global response to climate change, through the United Nations Framework Convention on Climate Change (UNFCCC) and the Paris Agreement.

The two leaders underscored the need for strengthening and reform of multilateral financial institutions and enhancing the voice and participation of developing countries in international economic decision-making.

First Published:Dec 18, 2018 5:31 AM IST

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Math Olympian in Shadow of John Nash Tries to Solve Blockchain, AI Trust Dilemma
Math Olympian in Shadow of John Nash Tries to Solve Blockchain, AI Trust Dilemma
May 9, 2024
In mathematics, Jasper Zhang figures to be a sort of Zeus. He says he won gold medals at math olympiads in China and Russia, and it took him just two years to get a Ph.D. from the University of California, Berkeley. Now he's trying his hand at solving a key problem at the intersection of two of the fastest-growing but...
US 30-year fixed-rate mortgage falls to 7.09%, still too high to boost housing
US 30-year fixed-rate mortgage falls to 7.09%, still too high to boost housing
May 9, 2024
WASHINGTON (Reuters) - U.S. mortgage rates fell this week for the first time in more than a month amid signs of slowing economic activity, but remain too high to provide a significant boost to the housing market. The average rate on the popular 30-year fixed-rate mortgage was down to 7.09% as of May 9, from 7.22% last week, ending five...
Weekly Jobless Claims Increase to Highest Level Since August 2023
Weekly Jobless Claims Increase to Highest Level Since August 2023
May 9, 2024
12:15 PM EDT, 05/09/2024 (MT Newswires) -- Weekly applications for unemployment insurance rose more than Wall Street's expectations, reaching the highest level since August 2023, government data showed. The seasonally adjusted number of initial claims advanced by 22,000 to 231,000 in the week ended May 4, the US Department of Labor said Thursday. This marked the highest level since the...
Top Midday Stories: Brookfield Q1 Revenue Down; Activist Investor Gets 3 Nominees Elected to Norfolk Southern Board; Nippon Steel Raising $1.61 Billion Ahead of Planned US Steel Acquisition
Top Midday Stories: Brookfield Q1 Revenue Down; Activist Investor Gets 3 Nominees Elected to Norfolk Southern Board; Nippon Steel Raising $1.61 Billion Ahead of Planned US Steel Acquisition
May 9, 2024
12:21 PM EDT, 05/09/2024 (MT Newswires) -- All three major US indexes were up in midday trading Thursday as the latest jobless claims data bolsters investors' hopes of monetary policy easing in the near future by the Federal Reserve. In company news, Brookfield (BN) reported Q1 distributable earnings of $0.77 per share, up from $0.72 in the year-ago period and...
Copyright 2023-2026 - www.financetom.com All Rights Reserved