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PM Modi meets Swiss President, discusses NSG membership, black money

PM Modi meets Swiss President, discusses NSG membership, black money
01 Sep 2017
  • Prime Minister Narendra Modi held talks with Swiss President Doris Leuthard on important matters concerning bilateral relations during the latter's visit to New Delhi.
  • Modi raised several issues, including collaboration on innovative methods to trace black money and tax evasion, and India's membership in the Nuclear Suppliers Group (NSG).
  • The two leaders also inked two pacts on cooperation in the railway sector.

  • Swiss President Leuthard's India visit: What has happened so far?
    FACT
    Leuthard kicked off her three-day visit to India on August 31. After receiving a ceremonial welcome at the Rashtrapati Bhavan, she held discussions with Modi and External Affairs Minister Sushma Swaraj. Leuthard also interacted with the Indo-Swiss Business Council at Hyderabad House, New Delhi.

    On NSG membership
    About
  • India has been seeking entry into the NSG, a 48-nation grouping of nuclear supplier countries, which controls the export of nuclear material and technology.
  • Switzerland had expressed support for India's NSG membership during Modi's visit to the country in June 2016.
  • Speaking to Leuthard, Modi stated that the NSG membership would help India meet its clean energy targets under the Paris Agreement.

  • Crackdown on black money
    Details
  • India and Switzerland agreed to strengthen cooperation to fight tax evasion and black money during Modi's 2016 visit to Switzerland.
  • In their most recent discussions, Modi termed financial transparency an issue of international concern.
  • Leuthard expressed hope that the Swiss Parliament would clear a law on automatic exchange of information by end-2017.
  • Both leaders also discussed new ways to collaborate on the matter.

  • Leuthard stresses on trade
    FACT
    Highlighting trade as an important issue, Leuthard emphasized the importance of arriving at a pragmatic solution to the long-pending free trade agreement between India and a four-nation European bloc. She also highlighted the need for a bilateral investment protection arrangement.



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