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India, Egypt sign agreement on maritime transport

DELHI

The Union Cabinet chaired by Prime Minister Narendra Modi approved the signing of an agreement between India and Egypt on maritime transport today.

Recognizing the significant mutual benefit that can be derived from-cooperation in the area of shipping between the two countries, it has been decided to sign the Agreement with a view to strengthening cooperation and to render sustained mutual assistance and advice on merchant shipping and other related maritime matters, said a press note.

The Agreement will be signed on a mutually convenient date and venue. It is expected to help both countries encourage and facilitate the development of their maritime relationship and cooperation in enhancing and stimulating steady growth of maritime traffic.

Among the scope of the agreement will be exchange and training of staff and students from various maritime establishments, exchange-of information necessary for accelerating and facilitating the flow of commercial goods at sea and at ports, establishment of joint ventures in the fields of maritime transportation, shipbuilding and repairs, maritime training, information technology including development of simulators, port facilities and related maritime activities, among other such facilities.

Musafir Namah Bureau

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