India, Thailand signed 2 agreements on cooperation in culture and education sectors

India and Thailand on 17 June 2016 signed two agreements that are aimed at enhancing cooperation in culture as well as educational sectors.

The set of agreements pertains to extension of the Cultural Exchange Programme (CEP) for 2016-19 and a Memorandum of Understanding (MoU) between Nagaland University and Thailand’s Chiang Mai University.

The agreements were signed in New Delhi during the 3-day visit of Thailand Prime Minister General Prayut Chan-o-cha that concluded on 18 June 2016.

During the visit, he held talks with the Prime Minister Narendra Modi on a wide range of issues that are of concern for both the countries and the region as a whole.

At the end of the summit level meeting, a joint statement that mentioned cooperation in areas like maritime security, cyber security, military and intelligence cooperation among others.

India-Thailand relations

• India's relations with Thailand are an important and integral component of India's strategic partnership with the Association of Southeast Asian Nations (ASEAN).

• India's 'Act East' policy is complemented by Thailand's 'Look West' policy in bringing the two countries closer.

• They have strong economic synergies and the diversifying profile of growing bilateral trade and investment reflects the growth and maturity of the interaction between the two economies.

• Extensive people-to-people contacts are central to the India-Thailand relationship. In 2015, more than 1 million Indian tourists visited Thailand and over 100000 Thai tourists visited India.

• Two-way trade between India and Thailand stands at 8 billion US dollars. While export to Thailand from India is 2.63 billion US dollars, Thai imports reached 5.3 billion US dollars in 2015-16.

• Beginning from 2004, 29 rounds of talks for Free Trade Agreement (FTA) were conducted so far.

• During the present visit, both the countries agreed to commence negotiations for a Comprehensive Economic Partnership Agreement (CEPA).

Now get latest Current Affairs on mobile, Download # 1  Current Affairs App