India, Japan agree to hold 2+2 dialogue to enhance security in Indo-Pacific region.
Giving a new dimension to India's Act East Policy, Prime Minister Narendra Modi and his Japanese counterpart Shinzo Abe signed key agreements in areas ranging from high-speed railways to cyber security. Both leaders also agreed to hold 2+2 dialogue in order to strengthen regional security in Asia-Pacific.
Narendra Modi along with Shinzo Abe reviewed developments in bilateral relations and explored new areas of cooperation, focusing on shared vision for peace & prosperity in the Indo-Pacific. They also agreed to oppose protectionism in trade.
Both nations also signed currency swap agreement worth $75 billion. Swap agreement should aid in bringing greater stability to foreign exchange and capital market, both leaders stated.
Welcoming Narendra Modi to Japan, Shinzo Abe said the relationship between two countries will enter a new phase. He also hailed Narendra Modi's leadership, stating that his leadership not only helped India but also the entire Asian region.
Narendra Modi in his speech reiterated that the bilateral ties between India and Japan dates back to a time in history when both countries shared strong civilizational values.
He also underlined that 21st century belongs to Asia, which will be heralded by stronger ties between India-Japan.
Prime Minister Narendra Modi and his Japanese counterpart Shinzo Abe held delegation- level talks Monday during which the two leaders discussed a range of bilateral, regional and global issues including the situation in the Indo-Pacific region.
Narendra Modi arrived in Japan Saturday to attend the 13th India-Japan annual summit, was given a guard of honour upon his arrival for the annual summit talks at the Kantei, the Prime Minister's Official Residence. (Source: The Economic Times)
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