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Source: The post is based on the article “India, Philippines to explore scope of joint sales, patrols to boost defence partnership” published in The Hindu on 29th June 2023
What is the News?
The 5th India-Philippines Joint Commission on Bilateral Cooperation meeting was held recently.
What are the key highlights from the India-Philippines meeting?
Defence: India has offered the Philippines a Line of Credit(LoC) to help it meet its defence requirement.
– India will also be opening a resident Defence Attaché office in Manila.
Note: A defence attaché (DA) is a member of the armed forces who serves in an embassy as a representative of his/her country’s defence establishment abroad and in this capacity enjoys diplomatic status and immunity.The DA is usually responsible for all aspects of bilateral military and defence relations.
Economy: The two countries signed a bilateral MoU for the constitution of a Joint Working Group (JWG) on Fintech, which would provide the institutional framework for cooperation on digitization of payments, direct benefit transfer using National ID and financial inclusion.
Science and Technology cooperation: Both countries discussed domains including cyber security, artificial intelligence, and space cooperation.A new issue that was discussed was cyber trafficking.
