Switzerland backs India’s NSG bid and also help us tackle blackmoney

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Switzerland backs India's NSG bid and also help us tackle blackmoney

According to latest reports from PTI, India today got the backing of Switzerland in its bid to become a member of the coveted Nuclear Suppliers Group (NSG) ahead of the elite group’s crucial meeting. Also, both the countries have reached an agreement to resolve and strengthen cooperation in combating tax evasion and black money. Swiss President Johann Schneider-Ammann announced his country’s support to India’s membership in the 48-member grouping after holding comprehensive talks with Prime Minister Narendra Modi here.

This is a very crucial endorsement since Switzerland has a long history of mediating between nations because of its neutrality. Talking to the press the Swiss President said “”We have promised India support in its efforts to become a member of NSG,”. and in return Indian Prime Minister Narendra Modi said, “I am thankful to the President for Switzerland’s understanding and support for India’s membership of the NSG,”.

Mr. Modi further added we discussed the need for an early and expeditious exchange of information to bring to justice the tax offenders. An early start to negotiations on the agreement on the automatic exchange of information would be important in this respect.” Also, the Indian spoke with Swiss CEO’s and told them “”India and Switzerland have both been the voices of peace, understanding and humanitarian values in the world. In last seven decades, our friendship has consistently seen an upward trajectory. Today, President and I reviewed our multifaceted bilateral ties.”

PM Modi also talked about how vibrant the economic condition are in India right now and how fast the economy is moving which is absolutely conducive for investment and said “We are all aware of the strengths of the Swiss economy. But, India too is undergoing profound transformations. We are today the fastest growing economy in the world. But, that alone is not enough. “I want the Indian economy to be driven by smart and sustainable cities, robust farm sector, vibrant manufacturing and dynamic service sector. And, its engines to run on world-class network of rail, roads, airports and digital connectivity,” At the end of the meeting he ended on a very optimistic note by saying “I am confident that our common commitments and values, people to people links and a strong and growing economic partnership will take our relations to new heights.”

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