New Delhi, March 13 (SocialNews.XYZ) The Union Cabinet, chaired by Prime Minister Narendra Modi, on Wednesday, gave its ex-post facto approval to the Inter-Governmental Framework Agreement (IGFA) that was signed on February 13 between India and the United Arab Emirates on cooperation for the empowerment and operation of the India-Middle East Europe Economic Corridor (IMEC).
The aim of the IGFA is to enhance bilateral relations and to further strengthen the relations between the two countries in the ports, maritime, and logistics sectors, according to an official statement issued after the meeting.
The IGFA includes areas of cooperation between the two countries with the objective of exploring the further potential of future joint investment and collaboration in respect of the development of the IMEC.
The agreement contains a detailed framework for cooperation between the two countries. The cooperation will be based on a set of mutually agreed upon principles, guidelines, and agreements consistent with the relevant rules and regulations of the countries' jurisdiction.
Source: IANS
About Gopi
Gopi Adusumilli is a Programmer. He is the editor of SocialNews.XYZ and President of AGK Fire Inc.
He enjoys designing websites, developing mobile applications and publishing news articles on current events from various authenticated news sources.
When it comes to writing he likes to write about current world politics and Indian Movies. His future plans include developing SocialNews.XYZ into a News website that has no bias or judgment towards any.
He can be reached at gopi@socialnews.xyz