India, Maldives sign six agreements
India and Maldives have signed six agreements in different sectors including avoidance of double taxation, conservation and restoration of ancient mosque, tourism and defence. These agreements were inked after comprehensive talks between visiting Maldives President Abdulla Yameen Abdul Gayoom and Prime Minister Narendra Modi in New Delhi.
Agreements signed are :
♦ Pact for avoidance of double taxation of income derived from International Air Transport : The agreement seeks to avoid double taxation of income derived from international air transport.
♦ Agreement for the exchange of information with respect to taxes: The agreement envisages mutual assistance for exchange of information that is relevant to the administration and enforcement of the domestic laws concerning taxes covered by the Agreement.
It also includes exchange of information relevant to the determination, assessment and collection of such taxes, the recovery and enforcement of tax claims, or the investigation and prosecution of tax matters.
♦ Agreement related to Orbit Frequency Coordination of South Asia Satellite (SAS) proposed at 48oE: The agreement shall be used for the purpose of performing intersystem orbit-frequency coordination for the operation of 'South Asia Satellite'; and fulfilling ITU level regulatory requirements and obtaining international level protection/recognition for the 'South Asia Satellite'.
♦ MoU for cooperation in the area of conservation and restoration of ancient mosques in Maldives: The MoU proposes to undertake conservation and restoration of ancient mosques and other historical monuments in Maldives. Detailed proposals for such projects will be developed by Archaeological Survey of India and Department of Heritage, Maldives.
♦ MoU on cooperation in the field of Tourism: The MoU envisages cooperation in areas of tourism including expansion of bilateral cooperation
♦ MoU on cooperation in the field of Tourism: It calls for expansion of bilateral cooperation and exchange of information and data related to tourism. It also seeks to encourage cooperation between tourism stakeholders including Hotels and Tour Operators and investment in the Tourism and Hospitality sectors and establish exchange programmes for cooperation in Human Resource Development etc.
♦ Action Plan for Defence Cooperation: It is an important component of the India-Maldives bilateral relationship and the shared strategic and security interests of the two countries in the IOR (Indian Ocean region). It envisages an institutional mechanism to further bilateral defence cooperation at the level of the Defence Secretaries.