India and UAE Inked 9 Deals Boost Bilateral Ties
- India and the United Arab Emirates (UAE) inked nine pacts in various fields including cyber security, infrastructure investment, counter-terrorism, maritime security and defence, renewable energy, insurance, culture and skill development and space cooperation.
- These agreements were signed on February 11, 2016 during the official visit of Crown Prince of Abu Dhabi Sheikh Mohammed bin Zayed Al Nahyan to India.
- An MoU is signed which provides common platforms for both countries for technical cooperation in Cyber Space and in the area of Combating Cyber Crime.
- Another MoU is signed which will help to establish a framework to I facilitate participation of UAE institutional investors in Infrastructure Investments in India.
- Another MoU is signed that supports framework for cooperation in | space technology, science and applications including satellite communication, remote sensing and satellite based navigation.
- Another MoU is signed that Promotes currency swap arrangement between the RBI & Central Bank of UAE for bilateral financial relations.
- Another MoU is signed that Facilitates both countries to exchange information on trade and business opportunities. It further facilitates procurement of Indian goods and services by UAE.
- Another MoU is signed which aims at promoting cooperation between in the field of insurance supervision and increasing mutual understanding through regulatory and relevant supervisory information exchange.
- A General Framework Agreement on Renewable Energy Cooperation is signed that provides for bilateral cooperation through investments, extensive projects, cooperation in R&D in renewable, knowledge sharing platforms and clean energy.
- An Executive Programme for Cultural Cooperation framed that provides range of cultural exchange activities under the new EPCC from 2016 to 2018.
India Ranked 37 on USCC’s Intellectual Property Index
- As on February 10, 2016, India has ranked 37th out of 38 countries for its intellectual property rights environment in p the annual IP index released by the United States Chamber of P Commerce (USCC). The index painted a grim picture of India, K which scored 7.05, lower than last year’s 7.23.
- According to the index, India took the biggest hit on its patent regime for its bar on patentability of incremental changes under pi Section-3(d) of the Patent Act 1970, compulsory’ licensing g provisions and uncertainty regarding Computer-Related Inventions. IS
- The index is prepared by USCC’s Global Intellectual Property Chamber. The USA is leading the index with 28.61 points whereas Venezuela ranked below India with 6.42 points on the index.
