India-International Relations Current Affairs

India Cyprus inks four agreements

India and Cyprus have signed four agreements following delegation-level talks between Prime Minister Narendra Modi and Cypriot President Nicos Anastasiades in New Delhi. The two sides discussed various bilateral and regional issues and agreed on the need on the part of all countries to act decisively against those countries that shelter and sustain violence factories in their regions. The two sides also called for the need for early reforms of the United Nations Security Council. Cyprus reiterated its support to India’s bid for inclusion a permanent member in the UNSC.

Cyprus will also award its highest civilian honour, the Grand Collar of the Order of Makarios III, on President Pranab Mukherjee.

Agreements

Both the countries signed:

  • An executive programme on culture, education and scientific cooperation for the years 2017 to 2020.
  • A work plan under a programme of cooperation in agriculture for the period 2017-2018.
  • Agreement on cooperation in the area of merchant shipping.
  • Agreement to boost air services between the two countries.

India-Cyprus ties

Cyprus is the eighth largest foreign investor in India with a cumulative foreign direct investment of about $9 billion in areas such as financial leasing, stock exchange, auto manufacture, manufacturing industries, real estate, cargo handling, construction, shipping and logistics. The Double Taxation Avoidance Agreement (DTAA) between both the countries was revised in 2016.

Diplomatic ties between India and Cyprus were established in 1962. Cyprus got the support of India during its struggle for independence from British colonial rule. Bilateral trade between both the countries stood at EUR 76.5 million in 2015. The major commodities exported by India to Cyprus are organic chemicals, vehicles & accessories and iron & steel. India’s main imports are aluminium and its products, wood pulp, machinery, boilers, engines, and plastic.

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Poland supports India’s Permanent membership at UNSC

Poland has assured its support for India’s bid for membership in the elite Nuclear Suppliers Group (NSG) and a permanent seat in the expanded UN Security Council. This was stated during the visit of vice President Hamid Ansari to the Poland.

Apart from discussing various bilateral and multilateral issues, the two countries also signed an agreement in the agriculture sector.  It was also agreed upon that there exists scope to increase cooperation in railway, defence, mining, agriculture, civil aviation, as well as in areas like food processing, solar energy, clean coal, treatment of solid waste.

Poland is a member of the Nuclear Suppliers Group (NSG).

Nuclear Suppliers Group (NSG) is a group of 48 nuclear supplier countries that seeks to contribute to the non-proliferation of nuclear weapons through the implementation of two sets of Guidelines for nuclear exports and nuclear-related exports. Presently India is not a member of the group.

Also, the countries acknowledged the need for early adoption of the Comprehensive Convention on International Terrorism at the UN.

The Comprehensive Convention on International Terrorism is a proposed treaty which intends to criminalize all forms of international terrorism and deny terrorists, their financiers and supporters access to funds, arms, and safe havens.

India-Poland ties

India and Poland established diplomatic relations in 1954. The two countries share common ideology like opposition to colonialism, imperialism, and racism.

Poland is India’s largest trade partner and export destination in the east European region. Investments made by India in Poland are around USD 3 billion and Polish investments in India are around 600 million USD. India’s major exports to Poland include tobacco, processed minerals, chemicals, rubber, plastic, machinery, drugs, transport equipment, and ready-made cotton garments etc.

Poland hosts around 3,000 members of the Indian community who are mostly traders who settled in Poland after the collapse of communism.

 

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