India, Argentina ink nine pacts, Argentina President meets Manmohan Singh (Part I)

October 14th, 2009 - 7:01 pm ICT by ANI  

Manmohan Singh New Delhi, Oct.14 (ANI): Visiting Argentine President Cristina Fernandez de Kirchner met Indian Prime Minister Manmohan Singh here on Wednesday and both countries signed nine agreements, including ones pertaining to sports, science and technology, industrial research, hydrocarbons, trade promotion and business visas.

Amongst the agreements signed was a pact on business visas signed by External Affairs Minister S.M.Krishna and his Argentine counterpart Jorge Taiana.

India’s junior minister for Science and Technology, Prithviraj Singh Chauhan and his Argentine counterpart signed another agreement on cooperation in science and technology, spread over three years between 2009 and 2011

Prior to the signing of the bilateral pacts, the two sides expressed satisfaction with the mutually beneficial cooperation and partnership between India and Argentina encompassing political, economic, scientific and technological cooperation including Antarctic research and cultural cooperation.

They agreed to work together for further enhancement of their multifaceted relationship to a higher level based on a long term perspective and shared democratic values, respect for human rights, mutual understanding and cooperation and similarity of views on major international issues.

Both sides highlighted the importance of further enhancing the exchange of high-level bilateral visits, including at the level of Head of State and Head of Government.

The two sides reiterated their will to continue and expand bilateral dialogue and cooperation comprehensively. This comprehensive dialogue is based on common values and interests and will aim at mutually beneficiary cooperation in all spheres, including among others dialogue on political and strategic issues, economic and trade relations, consular issues, energy, investment, services and tourism as well as science and technology, culture and education.

Both leaders desired that this comprehensive dialogue should lead to a strategic partnership that will cover global issues of common concern including in the framework of the UN its specialised organisations and other fora and groups of countries in which both parties participate.

In order to achieve concrete results flowing from their dialogue the leaders directed their Foreign Ministries to energize their consultations and workout a plan of action. For this purpose, Foreign Office Consultations will be held in 2010 in India - The year of the Bicentennial of the May Revolution

Both leaders decided to encourage regular interactions between the respective legislative bodies. They agreed to expand bilateral exchanges between civil society and foster people-to-people contacts, promote tourism and develop closer cultural and academic ties.

Both sides noted that the next Joint Commission meeting is to be held in Argentina in the first half of 2010. Dates for the meeting would be finalized through mutual consultations.

The two sides also expressed satisfaction at the growing engagement between both sides in the trade and economic spheres. They noted that some Indian companies have made investments in Argentina and that bilateral trade increased from 694 million dollars in 2003 to 1328 million dollars in 2008 doubling in the last five years.

The two sides agreed that the bilateral trade target should be US $ 3 billion by 2012. Both leaders expressed keenness to expand and diversify trade and economic cooperation in areas in which Argentina and India have comparative advantages, and to utilize the untapped potential in this area.

In the context of encouraging greater trade between the two countries, both leaders agreed that efforts should be made to facilitate the entry of Argentine agricultural and agro-industrial products into India and the entry of Indian pharmaceutical products into Argentina.

In the context of deepening the ongoing bilateral cooperation in the agricultural sector, both leaders expressed satisfaction that the Memorandum of Understanding on Agriculture and Allied Sectors and the Memorandum of Understanding on Sanitary and Phytosanitary standards are at an advanced stage of finalization.

The leaders urged their competent authorities and technical teams to take the necessary measures to expand trade and investments They agreed to work together for enhancing bilateral investments in various sectors, including in knowledge- based industries and agro-industries.

(Cont.)

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