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India, Thailand to forge close ties in defence, maritime

India, Thailand to forge close ties in defence, maritime
18 June 2016 Current Affairs: India and Thailand has decided to ramp up cooperation in the fields of economy, counter terrorism, cyber security and human trafficking besides forging closer ties in defence and maritime security. 

The announcement was made here after Prime Minister Narendra Modi held extensive talks with his visiting Thai counterpart General Prayut Chan-o-cha. 

The countries have prioritised completion of India-Myanmar-Thailand Trilateral highway and early signing of the Motor Vehicles Agreement between India, Thailand and Myanmar. Following the delegation-level talks, in which also Army Chief Dalbir Singh Suhag was also present, two agreements - Executive Programme of Cultural Exchange (Extension of CEP) for 2016-2019 and an MoU between Nagaland University and Chiang Mai University, Thailand - were signed. 

 India and Thailand were also maritime neighbours, he said both the countries have agreed to forge a closer partnership in the fields of defence and maritime cooperation. A partnership to meet our bilateral interests and to respond to our shared regional goals.Information Technology, pharmaceuticals, auto components and machinery are some other areas of promising collaboration. We also see early conclusion of a balanced Comprehensive Economic and Partnership Agreement as our shared priority.

Both the countries recognised the importance of bilateral trade and noted that the economic relations are deep rooted in the existing framework, including bilateral Free Trade Agreement, ASEAN India Trade in Goods Agreement and Early Harvest Scheme.

The Prime Minister of Thailand invited Indian investments to Thailand under the cluster development policy, which is a newly initiated program aimed at enhancing investment in focused areas.

The policy will help expand the investment network between the two countries in various mutually beneficial sectors, including information technology, pharmaceutical, automotive parts, chemical products, machinery and parts, bio-technology, and R&D.


March 2017 Current affairs
27 MAR
NEWS
25 MAR
NEWS
24 MAR
NEWS
23 MAR
NEWS
22 MAR
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February 2017 Current affairs
28 FEB
NEWS
27 FEB
NEWS
25 FEB
NEWS
24 FEB
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23 FEB
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22 FEB
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January 2017 Current affairs
31 JAN
NEWS
30 JAN
NEWS
28 JAN
NEWS
27 JAN
NEWS
25 JAN
NEWS
24 JAN
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December 2016 Current affairs
31 DEC
NEWS
30 DEC
NEWS
29 DEC
NEWS
28 DEC
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27 DEC
NEWS
26 DEC
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November 2016 Current affairs
30 NOV
NEWS
29 NOV
NEWS
28 NOV
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26 NOV
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25 NOV
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24 NOV
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