Prelims Level
Mains Level
Prelims Syllabus : India Bilateral Co-Operation Mains Syllabus : GS-II Bilateral Agreement Involving India

Why in News?

  • The President of India, Shri Ram Nath Kovind, addressed the India-Philippines Business Conclave and the 4th ASEAN-India Business Summit in Manila, Philippines.

Agreements between India and Philippines:

  • India and Philippines have entered into four agreements which includes
    • Science and Technology
    • Maritime
    • exchanging of white shipping data that includes identification and information about the movement of commercial and non-military vessels
    • Tourism
    • Culture

Significance:

  • The president’s visit coincides with the 70th anniversary of the establishment of diplomatic relations between the two countries.
  • Agreements between both countries will not only strengthen the bilateral relations but also put an impact on China and its dominating image in the region.
  • The Philippines can emerge as one of the most focused countries for India’s corporate business expansion. India and Philippines economic-ties can achieve new heights.
  • India is hoping to get defence cooperation and participation in weapon modernization of Philippines.
  • Several Indian companies are looking for investment opportunities in the health, innovation and pharma sectors.
Share Socially