Indian Economy News

Cabinet approves Air Services Agreement between India and Guyana

The Air Services Agreement between the governments of India and the Cooperative Republic of Guyana was approved by the Union Cabinet, which is presided over by Prime Minister Mr. Narendra Modi. After the parties exchange diplomatic notes verifying that each has completed the required internal steps for this agreement's entry into force, the Air Services Agreement will become effective.

Indians are the biggest ethnic group in Guyana, making up about 40% of the population as of the 2012 census. A framework for the delivery of aviation services between the two nations will be made possible by the signing of the Air Services Agreement with Guyana. Air services agreements have been made with numerous nations to open the door for international air connectivity considering the expanding aviation market and developments like the liberalisation of the aviation sector in India.

As per the memorandum of understanding (MoU) between India and Guyana dated December 6, 2016, both countries had initialled the text of an Air Services Agreement (ASA) for scheduled air services between the two countries.

The newly signed ASA between India and the Cooperative Republic of Guyana will create the conditions for improved and seamless connectivity while giving both sides' carriers business possibilities.

Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.