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Friday, October 05, 2007
India,RP agree to boost trade, cooperate in fighting terrorism (6:35 p.m.)
NEW DELHI--India and the Philippines signed several agreements to strengthen economic relations and cooperate in fighting terrorism as President Gloria Macapagal Arroyo met with Indian leaders Friday.
Law enforcing agencies in the two countries will share information and work together to prevent terrorism and the financing of terrorist acts, according to a joint declaration signed after Arroyo held talks with Indian Prime Minister Manmohan Singh.
Both sides also agreed to set up a joint commission that will explore measures to boost bilateral trade and investment. They also signed agreements to cooperate in renewable energy and health care.
Arroyo began her three-day trip Thursday with a visit to Mumbai, India's business hub, where she invited Indian pharmaceutical companies - known for making low-cost generic drugs - to set up plants in the Philippines.
She said her government also planned to encourage the importation of medicines from India to help cut the price of medicines by half.(AP) |
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