India-Middle East Europe Economic Cooperation Agreement Gets Approval

  • The Union Cabinet, chaired by Prime Minister Shri Narendra Modi, approved the Inter-Governmental Framework Agreement (IGFA) signed on 13th February 2024. 
  • The IGFA aims to enhance bilateral relations and strengthen relations in the Ports, Maritime, and Logistics sectors. 
  • The agreement includes areas of cooperation to explore potential future joint investment and collaboration in the development of the IMEC. 
  • The cooperation will be based on mutually agreed-upon principles, guidelines, and agreements.
Posted in Current Affairs.