Doha: Heralding a new era of bilateral ties, India on Sunday signed seven agreements with Qatar, an indispensable member of Gulf Cooperation Council (GCC) . The MoUs came shortly after Prime Minister Narendra Modi made a strong pitch for India as an investment destination to Qatari business leaders.
Some of the agreements include:
- MoU on cooperation in tourism.
- Agreement on cooperation and mutual assistance in custom matters.
- MoU on Finance Intelligence Unit-India (FIU-IND) and Qatar Financial Information Unit (QFIU).
- MoU for investment in National investment & infrastructure fund.
- MoU in the field of youth and sports.
- MoU on cooperation in skill development & recognition of qualifications.
- MoU on cooperation in the field of health.
Prime Minister Narendra Modi held talks with Emir of Qatar Tamim Bin Hamad Al Thani in Doha on a wide range of issues and both leaders agreed upon the need to "isolate" the sponsors and supporters of terrorism and agreed that urgent action against all such entities, which support terrorism and use it as an instrument of policy, must be taken.
India and Qatar has also agreed to share intelligence to combat 'hawala' transactions and terror financing as the two countries signed seven agreements and decided to move beyond the trading relationship and get into strategic investments.
At the end of wide-ranging talks, Prime Minister Narendra Modi, who is on a two-day visit, had with Emir of Qatar Sheikh Tamim bin Hamad Al-Thani and Qatari leadership, the two sides decided to constitute an inter-ministerial high-level joint committee to regularly review all bilateral matters, as well as regional and global issues of mutual interest.
"Crucial agreements were signed today, which will give new strength to India-Qatar ties," said PM Modi.
"Sheikh Tamim and I had wide ranging talks on how India and Qatar can further expand bilateral ties," he tweeted.
An MoU was signed between the Finance Intelligence Unit-India (FIU) and Qatar Financial Information Unit to share intelligence on illegal movement of money, termed as 'hawala'.
"The two sides further agreed to take action against illegal transfer of money," a joint statement issued after the talks said.
There is a lot of money flow and investment from Qatar. A number of black money investigations have taken Indian authorities to Qatar's shores and such an MoU is seen as a move to help combat money offences.
Under this pact, the two sides also agreed to exchange financial intelligence to combat terrorism financing and other economic offences.
Briefing reporters, Secretary (Economic Relations) Amar Sinha said: "They (Qatari side) also realise that terror does pose a threat to both of us and to our region.
"Both the sides felt that time has come that we need to move beyond the trading relationship and get into strategic investments."
Strongly condemning the phenomenon of international terrorism, PM Modi and the Emir resolved to cooperate together to root out this global menace.
They asserted that acts of violence, terrorism and extremism cannot be justified under any circumstances, regardless of their motivation, in all their forms and manifestations.
"The two leaders highlighted the need to isolate the sponsors and supporters of terrorism and agreed that urgent action against all such entities, which support terrorism and use it as an instrument of policy, must be taken," the statement said.
The two sides also underlined the need to "disrupt terrorist movements, stopping all sources for financing of terrorism and countering terrorist propaganda through internet".
Ahead of the talks, PM Modi was accorded a ceremonial welcome at the Emiri Diwan.
