Cabinet okays maritime pact proposal between India and Egypt

The government today approved a proposal for maritime transport agreement between India and Egypt.
"Recognising the significant mutual benefit that can be derived from cooperation in shipping between the two countries, it has been decided to sign the agreement with a view to strengthening cooperation and render sustained mutual assistance and advice on merchant shipping and other related maritime matters," the Shipping Ministry said in a statement.
The approval was given by the Union Cabinet today chaired by Prime Minister Narendra Modi.
The agreement will be signed on a mutually convenient date and venue, the statement said.
The agreement, once signed, will help both countries facilitate development of their maritime relationship and cooperate for a steady growth of maritime traffic, exchange and training of staff and students, it said.