Facts for Prelims (FFP)
Source: PIB
Context: The Union Cabinet has given ex-post facto approval to the Inter-Governmental Framework Agreement (IGFA) signed on 13th February 2024 between India and the United Arab Emirates.
This agreement aims to enhance bilateral relations and strengthen cooperation in the Ports, Maritime, and Logistics sectors, focusing on the India-Middle East Europe Economic Corridor (IMEC). It outlines areas of collaboration and sets principles, guidelines, and agreements for joint investment and development in the IMEC, in line with respective countries’ regulations.
