India and Cambodia on 16 September 2015 signed two MoUs on Tourism and Mekong-Ganga Cooperation Initiative. The MoUs were signed in the presence of Indian Vice-President Hamid Ansari and Cambodian Prime Minister Hun Sen at the Peace Palace in Phnom Penh.
Vice-President Ansari is on three-day visit to Cambodia from 15 September to 17 September 2015.
On the one hand, the tourism MoU is aimed at boosting tourist movement between the two countries. On the other hand, the MoU on Mekong-Ganga relates to five ‘quick impact projects’ undertaken by India and these are:
• 50000 US dollars grant to Cambodia for the upgradation of an Entrepreneurship Development Centre in existence since 2004
• Two projects in healthcare, especially to do with malaria
• One project on agriculture
• One on women’s empowerment
Besides, both sides also discussed possibilities of shoring up of trade and investment, and agreed that the bilateral investment protection agreement must be signed as soon as possible.
Mekong-Ganga Cooperation Initiative
The Mekong-Ganga Cooperation (MGC) was established in the year 2000 at Vientiane, Laos, at the first MGC Ministerial Meeting. It comprises six member countries, namely India, Thailand, Myanmar, Cambodia, Laos and Vietnam. MGC takes its name from two rivers Ganga and Mekong.
Now get latest Current Affairs on mobile, Download # 1 Current Affairs App
When: 16 September 2015
DISCLAIMER: JPL and its affiliates shall have no liability for any views, thoughts and comments expressed on this article.