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India, Krygyz Republic raise ties to strategic partnership
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IANS | 15 Jun, 2019
India and Kyrgyz Republic on Friday raised their bilateral relationship
to level of a "strategic partnership" and signed a slew of agreements
including on a bilateral investment treaty.
Prime Minister
Narendra Modi, who attended the SCO summit here, later held bilateral
talks with Kyrgyz President Sooronbay Jeenbekov - who had come to India
to attend the swearing-in of Modi for his second term - and said that
there was immense scope in their bilateral relationship.
"We
have decided to take our bilateral relations to the level of strategic
partnership. This will help us for long-term cooperation in every field
of our partnership," he said, adding that the two countries have decided
to set up a joint working group to boost defence cooperation.
He also said that 2021 will be observed as friendship year between the two countries.
"We
have agreed on a roadmap for five years on trade and economic
cooperation. We will hold 'Namaskar Eurasia' trade show in Bishkek,"
Modi said and urged Indian companies and investors to explore areas such
as medicine, textiles, railway, hydro power, mining, minerals and
tourism in the Central Asian country.
He also announced a $200 million concessional Line of Credit to meet development needs of the Kyrgyz Republic.
Modi
also addressed the first India-Kyrgyzstan Business Forum meeting and
said the world economy was transforming fast and growth of a big economy
like India and its technological progress was a big factor for
stability and hope in the world.
He said there were three
catalysts to promote trade and investment - right atmosphere,
connectivity and business-to-business exchange. Connectivity was also
important to ease trade, he said, noting that Chabahar port has emerged
as a new link between India and Afghanistan. "We will have to give more
attention to connectivity between Central Asia and India," he said.
Among
the agreements signed were an MoU for cooperation between the National
Security Council Secretariat of India and Office of the Security Council
of the Kyrgyz Republic and Protocol to Amend Article 26 of
India-Kyrgyzstan Double Taxation Avoidance Agreement (DTAA).
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