President of Cyprus Mr. Nicos Anastasiades paid official visit to India in April 2017. Prime Minister Modi reiterated India’s unwavering and consistent support for the independence, sovereignty, territorial integrity and unity of the Republic of Cyprus.
President Anastasiades briefed Prime Minister Modi on the current state of play in the ongoing efforts to reunify the Republic of Cyprus, through a functional, viable comprehensive settlement, in line with UNSC Resolutions and EU law.
The two Leaders expressed satisfaction on the signing of revised India-Cyprus Double Taxation Avoidance Agreement in November 2016.
Prime Minister Modi suggested that the revision of the Agreement could be utilized to increase investments between the two countries, especially in Indian flagship programmes like Make in India and various Cyprus investment projects.
Both Leaders emphasized the need for a comprehensive expansion of mutually beneficial contacts between the business communities of the two countries.
Recognizing new opportunities in light of their growing economies, the two sides decided to make further use of the Joint Economic Committee as a mechanism that proposes recommendations to the two governments on ways and means to expand mutually beneficial cooperation in all areas of common interest.
The following bilateral agreements were exchanged during the visit:
1. Merchant Shipping Agreement
2. Revised Civil Aviation Agreement.
3. Work Plan on cooperation in the field of agriculture.
4. Executive Programme for Cultural, Education and Scientific Cooperation