HELP TO KYRGYZSTAN: PM Modi extends $200 million line of credit, signs 15 agreements; end to double taxation


BISHKEK, Kyrgyzstan: Prime Minister Narendra Modi on Friday announced a $200 million line of credit for Kyrgyzstan after wide-ranging talks with Kyrgyz President Sooronbay Jeenbekov as the two sides upgraded their ties to the strategic partnership level and signed 15 agreements, including one to eliminate double taxation.
Prime Minister Modi and President Jeenbekov held one-on-one restricted meeting followed by a delegation-level talk during which the two sides discussed on stepping up their bilateral engagement to the next level and exploring new areas of cooperation, PTI news agency reported Friday.
At a joint press statement, Modi announced the $200 million line of credit for Kyrgyzstan and said the two sides have decided to upgrade their ties to the Strategic Partnership level. Prime Minister Modi also said that the two sides have prepared a five-year road map to increase the bilateral trade. He said that the two countries share views on several issues and they have signed 15 agreements, including on the Double Taxation Avoidance Agreement (DTAA).
They also signed the Bilateral Investment Treaty (BIT), MoUs in the field of Health, security, defence and Information and Communication Technology.
Prime Minister Modi emphasised on the counter terror cooperation between the two sides and said terrorism cannot be justified in any manner. “We are together in fight against terrorism, it is imperative to give out a message to the world that terrorism will not be tolerated at any cost,” he said. –AGENCIES, IHN-NN

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