Indian Economy News

India, Jordan sign pacts on defence, health

New Delhi: India and Jordan signed 12 Memorandums of Understanding (MoUs) to boost cooperation in the defence and health sectors, along with allowing India long-term access to organic fertiliser from the West Asian nation.

Jordanian Monarch Abdullah II met Prime Minister Narendra Modi on Thursday, as part of his three-day trip to India. Abdullah's visit follows Modi's trip to West Asia earlier this month, when he had transited at Jordan. This was the first time in 30 years an Indian Prime Minister had visted the country.

One of India's interests reportedly lie in deepening security ties with Jordan to leverage the strategic location in the Levant, with access to the Red Sea and the Mediterranean.

Thursday.s deal covers the training and commercial aspects in defence, besides counter-terrorism and cyber security. Another deal was on universal health coverage and services.

An MoU was also signed to promote best practices in the administration of contract employment of Indian nationals in Jordan. The government also hopes to secure a steady supply of organic fertiliser through an MoU on mining, with a long-term agreement for 100 per cent off-take to India. Apart from beneficiation of rock phosphate, the agreement aims to set up a production facility in Jordan for phosphoric acid-based fertiliser.

An agreement to establish cooperation between the Indian Institute of Mass Communication and the Jordan Media Institute was also signed.
Bilateral trade with Jordan has reduced consistently for third year. It was $1.35 billion in 2016-17. A customs mutual assistance agreement was signed. This could ensure smoother exchange of information regarding Custom duties, taxes, fees and other charges.

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

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