India, Egypt sign agreement in area of Maritime Transport

Posted on:02 Sep 2016 18:15:25
India, Egypt sign agreement in area of Maritime Transport
02 September 2016 Current Affairs: India and Egypt has signed an agreement on Maritime Transport on 2 September 2016. The agreemnt would help the two nations to step-up co-operation on the seas not only in terms of maritime commerce but also in transit of naval vessels. 

The agreement was signed after delegation level talks between Prime Minister Narendra Modi and visiting President of Egypt Abdel Fattah El-Sisi in New Delhi. President Sisi is on a three-day visit (1-3 September 2016) to India at an invitation of President Pranab Mukherjee.

Earlier in October 2015, the Union Cabinet gave its approval for signing of an agreement between India and Egypt on Maritime Transport. It was decided that the agreement would be signed on a mutually convenient date and venue.

The proposal was approved with a view to strengthening cooperation and to render sustained mutual assistance and advice on merchant shipping and other related maritime matters.

Besides, the two leaders agreed that a special and enlarged "India by the Nile Festival" would be held in 2017 to commemorate the 70th anniversary of India's independence. They also called for the proposal to have the inaugural "Egypt by the Ganga Festival" in 2017.

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