One of MoUs was signed between Financial Intelligence Unit of India and Unit for Combating Money Laundering of Cyprus on combating money laundering. This agreement would further strengthen the institutional framework to facilitate investment cross-flows.
India and Cyprus on September 3, 2018 signed key agreements in various areas to cement bilateral ties between both the countries following delegation level talks between President Ram Nath Kovind and Cyprus President Nicos Anastasiades.
Both the leaders held the discussion on issues of mutual importance for the two countries.
One of MoUs was signed between Financial Intelligence Unit of India and Unit for Combating Money Laundering of Cyprus on combating money laundering. This agreement would further strengthen the institutional framework to facilitate investment cross-flows. Another MoU was signed for cooperation in the field of environment.
Apart from signing of these MoUs, India and Cyprus agreed to expand cooperation in the fields of IT, tourism, shipping and renewable energy.
The agreements were signed during President Kovind’s three-nation visit to Europe to continue India's high-level engagements with European countries. Apart from Cyprus, Kovind will visit Bulgaria and the Czech Republic. This is his first overseas state visit in the second year of his presidency.
Cyprus reaffirms its support to India for NSG membership and for its permanent membership of UNSC
Cyprus on September 3, 2018 reaffirmed its support to India for its membership of the Nuclear Supplier's Group (NSG). The European country also supported India’s claim for being inducted as a permanent member of the United Nation's Security Council (UNSC).
Cyprus agrees to revise DTAA
India and Cyprus also agreed to revise the Double Taxation Avoidance Agreement (DTAA) signed between India and Cyprus in 2016 to further enhance investment cross flows.
President invites Cyprus to join ISA
Kovind invited Cyprus to become part of the International Solar Alliance (ISA) to promote clean energy and sustainable development.
India – Cyprus bilateral relations
• India and Cyprus have been enjoying traditionally very close relationship. India has consistently supported sovereignty, unity and territorial integrity of Cyprus and Cyprus too has supported India on all issues of importance including its support to India’s bid for a permanent seat in the UNSC.
• The Indian military participated in United Nations peacekeeping operations in Cyprus on several occasions and three Indian generals have served as commanders of the United Nations Peacekeeping Force in Cyprus since its creation in 1964.
• Indian President VV Giri was the first to visit Cyprus in July 1972. It was during this visit that the Cyprus Government unveiled the statue of Gandhi installed in the municipal park near the parliament house.
• The most memorable visit by a high-ranking Indian official in Cyprus was when Prime Minister Indira Gandhi visited Cyprus in September 1983 during which, the Cyprus Avenue on which the House of Representatives is located was named after the first Prime Minister of India, Jawaharlal Nehru.
• The latest visit of a high-ranking official from India was that of President Pratibha Patil who paid a state visit to Cyprus in October 2009.
• Meanwhile, most recently, PM Narendra Modi met with President Nicos Anastasiades on the sidelines of the UNGA in New York on September 25, 2015.
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