India-Greece Current Affairs
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India and Greece have signed Air Services Agreement (ASA) and MoU on Cooperation (MoC) in field of New and Renewable Energy.
The agreements were signed after bilateral talks between External Affairs Minister (EAM) Sushma Swaraj and her visiting counterpart Minister for Foreign Affairs of Greece Nikos Kotzias in New Delhi.
The two ministers held detailed discussion on all aspects of bilateral relationship. They also re-affirmed commitment to further expand cooperation in mutually beneficial spheres.
Air Services Agreement (ASA)
ASA is signed between countries to decide on number of flights that airlines can fly into each other’s countries. Under it, there is no restriction on flights or seats. The ASA between India and Greece will allow airlines from Greece to operate unlimited flights to six Indian metropolitan airports and Indian carriers can fly to Greece without any such restriction. It makes Greece first country with which India has open sky arrangement under our new civil aviation policy 2016.
Union Cabinet chaired by Prime Minister Narendra Modi has approved the signing of Air Services Agreement (ASA) between India and Greece.
At present there is no ASA between India and Greece. The delegations both countries in September 2016 had finalized the text of ASA. The agreement is as per latest International Civil Aviation
Key features of ASA
- Under this agreement, both countries will be entitled to designate one or more airline.
- The designated airlines of either country will have right to establish offices for the promotion end sale of air services in the territory of the other country.
- The designated airlines of both countries will have fair and equal opportunity to operate the agreed services on specified routes.
- The designated Airline can also enter into cooperative marketing arrangements with the designated carriers of same party, other party and third country.
- As per the Route Schedule, Indian carriers can operate to Athens, HerakIion, Thessaloniki and any 3 points to be specified later in Greece from points in India.
- Whereas the carriers from Greece can establish direct operation to 6 metros viz. New Delhi, Mumbai, Bengaluru, Hyderabad, Kolkata and Chennai.
The Agreement has the potential to spur greater trade, investment, tourism and cultural exchange between the both countries in tune with the developments in the civil aviation sector. Besides, it will provide enabling environment for enhanced and seamless connectivity. It will also provide commercial opportunities to the carriers of both the sides by ensuring greater safety and security.