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India-Portugal signed 11 agreements during PM Modi’s visit

Jun 27, 2017 09:23 IST

India-Portugal signed 11 agreements/MoUs ranging from science and technology, education, anti-terrorism, climate, among others. The signed MoUs will help in enhancing the bilateral relationship between the two nations.

India-Portugal signed 11 agreements =

In addition, the two nations also announced a four million euros joint fund to bolster research in science and technology. The fund was announced after in-depth talks between PM Modi and his Portuguese counterpart António Costa on cooperation in areas like counter-terrorism, space, climate studies and start-ups.

The MoUs were signed during Prime Minister Narendra Modi’s visit to Portugal on 24 June 2017. Modi is the first Indian prime minister in Portugal on a bilateral visit. At the time of signing of these 11 MoUs, PM Modi was on a three-nation tour, namely Portugal, the US and the Netherlands.

The 11 agreements include

S.No.

Title of MoUs/Agreements

Partner

1

India-Portugal Space Alliance

ISRO and Portuguese Foundation for Science & Technology (FCT)

2

Protocol amending the Double Taxation Avoidance Agreement for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income

Government of the Republic of India and the Government of the Portuguese Republic

3

MoU on Nano Technology

Jawaharlal Nehru Centre for Advanced Scientific Research and the International Irebian Nanotechnology Laboratory, Portugal

4

MoU on Public Administration and Governance Reforms

DOPT and the Ministry of the Presidency and Administrative Modernization of Portugal

5

MoU on Cultural Cooperation

Ministries of Culture

6

MoU on Youth and Sports between

Ministry of Youth Affairs and Sports and the Ministry of Education of Portugal

7

MoU on Cooperation in the fields of Higher Education and Scientific Research

The Portuguese Foundation for Science and Technology and the Indian Institute of Technology Gandhinagar, the Indian Institute of Technology Madras, the Indian Institute of Technology Roorkee

8

MoU Between Agência para o Investimento e Comércio Externo de Portugal, E.P.E. (Aicep Portugal Global - Trade & Investment Agency) and PIBHub – Portugal India Business Hub

PIBHub and AICEP

9

Memorandum of Understanding between Portugal India Business Hub & Reira Group/Goa Desk

PIBHub and Reira

10

MoU on Biotechnology

University of Minho through its 3B’s Research Group, Portugal, and NCBS and in STEM, Bangalore, India

11

Memorandum of Understanding between Portugal India Business Hub & Indian Chamber of Commerce

PIBHub and Indian Chamber of Commerce

Later in a joint address, Modi and the Portuguese Prime Minister Antonio Costa said the two countries have made substantial progress since Costa visited India in January 2017. Costa traces his origin to Goa.

The economic ties between India and Portugal continue to follow an upward trajectory. Bilateral trade has grown 17% in 2016. And, the foreign direct investment from Portugal to India, though small, has doubled during 2016-17.

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