India thanks Switzerland for support in global fora:

India thanks Switzerland for support in global fora:

Context

• India on Thursday thanked Switzerland for its support in global multilateral organizations.

Talk of greater cooperation

• Welcoming the visiting Swiss President Doris Leuthard, Prime Minister Narendra Modi sought greater cooperation to ensure bilateral financial transparency.

Token of Thanks

• India thanked the Swiss government for its support to India’s membership bid for the Missile Technology Control Regime (MTCR).
• India is seeking greater cooperation with Switzerland within the framework of India-EU cooperation.

Increasing bonding

• India became an MTCR member last year and made a serious bid for the membership of the Nuclear Suppliers Group where Switzerland supported India.
• Mr. Modi also sought Swiss support in ensuring transparency in investments.
• Mr. Modi also noted that Switzerland has recognized traditional medicinal discipline of Ayurveda and sought greater cooperation to promote it in Switzerland.
• Both sides signed two major agreements on railways.

Financial transparency

• Switzerland have accepted automatic exchange of information on financial issues with India.