Of their talks, the 2 ministers additionally agreed to develop a typical understanding to start negotiations for a double taxation avoidance settlement (DTAA).
This could assist eradicate double taxation, present tax certainty and promote commerce and funding, officers stated.
Alzayani landed in India on Sunday on a two-day go to with an intention to additional broaden bilateral ties within the areas of commerce, funding and defence at a time West Asia has been witnessing conflicts and geopolitical turmoil.
In his opening remarks on the assembly, Jaishankar reiterated India's help for the Gaza peace plan and hoped that it will result in a long-lasting and sturdy resolution to the battle within the area.
Of their talks, Jaishankar and Alzayani explored methods to spice up bilateral cooperation in areas of defence, safety, financial, commerce, funding, well being, fintech, area, tradition and people-to-people ties. The 2 sides additionally resolved to work in the direction of additional progress and diversification of commerce in areas comparable to electronics, petroleum, processed meals, base metals and gems and jewelry, in keeping with a joint assertion launched following the Jaishankar-Alzayani talks. Bahrain is a crucial nation for India in West Asia, and the general bilateral relations have witnessed a significant upswing in the previous couple of years, with two-way commerce reaching USD 1.64 billion in 2024-25.
The Gulf nation is dwelling to shut to 332,000 Indian nationals who comprise almost 1 / 4 of the entire inhabitants of 1.5 million in that nation. India is among the many prime 5 buying and selling companions of Bahrain.
Within the talks, each side famous the progress made towards establishing the joint working group on commerce and funding as additionally on the graduation of negotiations on a Complete Financial Partnership Settlement (CEPA) between the 2 nations, the assertion stated.
“These initiatives will additional promote commerce and funding between each nations,” it stated.
“Each side welcomed the progress made in ongoing negotiations for a bilateral funding treaty.”
In line with the joint assertion, each side additionally agreed to develop a typical understanding to start negotiations for a double taxation avoidance settlement (DTAA).
It stated the 2 sides expressed optimism for enhancing future collaboration within the areas of defence and safety and cited the go to of three Indian naval ships to Bahrain final month.
“The 2 sides unequivocally condemned terrorism, in all its kinds and manifestations and reaffirmed sturdy dedication to fight terrorism, together with cross-border terrorism,” the assertion famous.
“Each side strongly condemned the armed terror assault in Pahalgam on April 22, and expressed solidarity with the victims and the households. The 2 sides additionally dedicated to fight the specter of terrorism by enhanced bilateral and multilateral cooperation, together with intelligence sharing, capability constructing and cyber safety,” it stated.
