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P. R. Kumaraswamy, Md. M. Quamar, India’s Saudi Policy,
https://doi.org/10.1007/978-981-13-0794-2
annexure 3
indo-saudi arabian economic cooperation
agreement, 1981Following is the text of a press release issued in New Delhi on 14 April
1981:
India and Saudi Arabia today signed an agreement of economic and
technical cooperation. The agreement was signed by Shri P. V. Narasimha
Rao, Minister of External Affairs on behalf of the Government of India
and Prince Saud Al-Faisal, Foreign Minister for the Government of the
Kingdom of Saudi Arabia.
The agreement envisages formation of a Joint Commission to meet
alternately in each other’s country at the request of either Party for con-
sultation as to the measures and means to be adopted for the consolidation
and promotion of the economic and technical cooperation between them.
The two countries are to exert their efforts to promote and consolidate
the economic and technical cooperation between them in a spirit of mutual
understanding land in accordance with the laws and regulations prevailing
in their respective countries.
The fields of cooperation mentioned in the agreement, include as an
example, the following items:
- Encouragement of the establishment of agricultural, animal hus-
bandry, industrial and technical development projects between the
two countries.