India-Belarus Current Affairs

India, Belarus ink 6 agreements to boost co-operation

India and Belarus signed six agreements to enhance bilateral co-operation. The agreements were signed in presence of President Pranab Mukherjee during his state visit to Belarus.

President Pranab Mukherjee is on two nation’s tour viz Sweden and Belarus. The tour had started from Sweden on 31 May 2015 and later in Belarus on 3 June.

The signed agreements are

  • Roadmap for India-Belarus Cooperation: for strengthening bilateral relations and co-operation in the field of trade, culture and other areas.
  • Protocol to amendment: To amend the agreement between two countries for the Avoidance of Double Taxation and the Prevention of Fiscal Evasion with respect to Taxes on Income and on Property (Capital) of September, 1997.
  • MoU on Cooperation in the field of Standardization and Information Support: It was signed between Bureau of Indian Standards (BIS) and the State Committee for Standardization of the Republic of Belarus.
  • MoU for cooperation on Broadcasting: It was signed between Prasar Bharati (PB) and the National State Television and Radio Company of the Republic of Belarus (Belteleradiocompany).
  • MoU on Bilateral Cooperation between the Securities and Exchange Board of India (SEBI) and the Ministry of Finance of Belarus.
  • MoU for Manufacturing and Marketing of Light Industry Goods (concern Bellegprom): It was signed between the Union Ministry of Textiles of India and the Belarusian State.

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India, Belarus sign a deal to enhance trade ties

Screenshot_11India and Belarus signed a deal to enhance the trade ties during the sixth session of the Inter-Governmental Commission.

Sectors to be focused in deal between India and Belarus:

The major focus will be on the following sectors i.e. Trade, Economic, Scientific, Technological and Cultural Cooperation.

  • Also sectors like pharmaceutical, fertilizers, information technology and research and development will offer tremendous potential for cooperation between India and Belarus.
  • India is looking for long term contracts for supply of potash to meet its growing requirements as far as fertilizer sector is concerned and Indian companies can look for setting up joint ventures in Belarus for production of potash based fertilizers.
  • MoU will also be signed between the Ministry of Textiles, India and the Belarusian State Concern for Manufacturing and Marketing of Light Industry Goods in the Field of Textiles, Clothing and Fashion Industries.

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