India and Belarus Ink 6 Agreements During President Pranab Mukherjee’s Visit

India and Belarus have signed six agreements, including a Roadmap for India-Belarus Cooperation.

Details:

  • The agreements include a protocol amending the agreement between the two sides for the Avoidance of Double Taxation and the Prevention of Fiscal Evasion with respect to Taxes on Income and on Property (Capital) of September, 27, 1997.
  • A MoU was inked between Bureau of Indian Standards and Belarus’ State Committee for Standardization on cooperation in the field of standardization and information support, and another MoU between Prasar Bharati and the National State Television and Radio Company of Belarus (Belteleradiocompany) for cooperation on broadcasting.
  • Both sides also inked a MoU on cooperation between the Securities and Exchange Board of India and Belurusian ministry of finance and a MoU between India’s textiles ministry and the Belarusian State Concern for Manufacturing and Marketing of Light Industry Goods ‘Bellegprom’.
  • The roadmap seeks to further strengthen and intensify bilateral political, defence, trade and economic exchanges, cultural relations and people-to-people contacts as well as enhanced cooperation in international forums.

India has also conveyed to Belarus its decision to extend a USD 100 million line of credit for joint ventures with the east European country which has shown interest in the flagship ‘Make In India’ initiative.

The agreements were signed during the recent visit of the Indian President to the country. This is the first presidential visit from India to Belarus, a landlocked East European country. The Belarus President had visited India twice in 1997 and 2007.

Sources: The Hindu, PIB.

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