India and Bahrain Forge Ahead with Comprehensive Trade and Investment Pact

India and Bahrain have launched negotiations on a comprehensive trade deal and are moving towards a joint investment pact. Talks between Indian External Affairs Minister S Jaishankar and Bahraini counterpart Abdullatif bin Rashid Alzayani focused on bolstering bilateral ties across various sectors, including trade, defense, and culture.

India and Bahrain announced the commencement of negotiations for a comprehensive trade agreement on Monday, following extensive discussions between Indian External Affairs Minister S Jaishankar and Bahraini Foreign Minister Abdullatif bin Rashid Alzayani. The officials also neared finalizing an investment pact to strengthen bilateral relations.

The talks included an agreement on developing a common understanding to initiate negotiations on a double taxation avoidance agreement, which aims to eliminate double taxation, provide tax certainty, and boost trade and investment. Alzayani arrived in India on a two-day visit amid regional geopolitical challenges.

The discussions underscored the importance of increasing cooperation in defense, security, economic ties, and shared cultural interests. Both nations condemned terrorism, reaffirmed a commitment to combat it, and expressed optimism for future collaboration in defense and security, leveraging recent strategic naval engagements.

(With inputs from agencies.)