India, Maldives sign six agreements in different sectors

India and Maldives have signed six agreements in different sectors including avoidance of double taxation, conservation and restoration of ancient mosque, tourism and defence.

  • The agreements were signed after comprehensive talks between Prime Minister Narendra Modi and visiting Maldives President Abdulla Yameen Abdul Gayoom.
  • The two sides inked a 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.
  • Both sides signed an 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.

India and Maldives signed a bilateral agreement related to Orbit Frequency Coordination of “South Asia Satellite” 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’.

Both sides entered into an MoU for cooperation in the area of conservation and restoration of ancient mosques and joint research and exploratory surveys 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.

India and Maldives also signed an MoU on cooperation in the field of tourism.

The two nations signed an action plan for defence cooperation. Action plan is in the context of defence cooperation being an important component of the India-Maldives bilateral relationship and the shared strategic and security interests of the two countries in the Indian Ocean region. The action plan envisages an institutional mechanism at the level of the Defence Secretaries to further bilateral defence cooperation.

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