India-Lao Current Affairs
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The Union Cabinet has given its approval for signing of new Air Services Agreement (ASA) between India and Lao People’s Democratic Republic (Lao PDR).
Decision in this regard was taken in the union cabinet meeting chaired by the Prime Minister Narendra Modi in New Delhi.
- ASA is the basic legal framework for any air operation between the two countries
- Under the agreement, the designated airlines of the two countries will have equal and fair opportunity to operate the agreed air services on specified routes.
- The Agreement is expected to spur greater investment, trade, tourism and cultural exchange between two countries and also bring developments in the civil aviation sector.
- It will provide enabling environment for seamless and enhanced air connectivity by providing commercial opportunities to carriers of both sides ensuring greater safety and security.