India signs agreements with Cyprus on combating money laundering and environment

On September 3, India and Cyprus signed two agreements on combating money laundering and cooperation in the field of environment in the presence of President Ram Nath Kovind and his Cypriot counterpart Nicos Anastasiades in Nicosia. Both the countries also agreed for the revision in the Double Taxation Avoidance Agreement (DTAA) made in 2016 to further enhance investment partnership to grow by strengthening the institutional framework to facilitate investment cross flows. Beside this, Cyprus also reaffirmed its support to India for its membership of the Nuclear Supplier’s Group (NSG) and UN Security Council (UNSC). Mr. Kovind is in Cyprus on the first leg of his three-nation visit to Europe to continue India’s high-level engagements with European countries.