To take your ideas to Policymakers, Join the Campaign of #PolicyPulse Write to feedback@policypulse.com

Focus on black money, NSG at India-Switzerland talks

Before talks, Modi and Schneider-Amman held a restricted meeting

Policy Pulse
Publish Date: Jun 6 2016 1:24PM | Updated Date: Jun 6 2016 1:24PM

Focus on black money, NSG at India-Switzerland talks

 Prime Minister Narendra Modi and Swiss President Johann Schneider-Amman on Monday led delegation level talks in Geneva with the focus on black money and India's membership of the Nuclear Suppliers Group (NSG).

 
“A closer engagement with the heart of Europe. President and PM lead delegation level talks,” External Affairs Ministry Spokesperson Vikas Swarup tweeted.
 
Before talks, Modi and Schneider-Amman held a restricted meeting. 
 
Modi arrived in Switzerland from Qatar on Sunday night on the third leg of his five-nation tour.
 
Switzerland is an significant member of the NSG and India is expected to seek its support for membership in the group.
 
On the black money issue, India has been in touch with the Swiss government under the mandate of the double taxation avoidance agreement (DTAA) and is waiting for early operationalisation of automatic exchange of information with Switzerland.
 
Switzerland is India's fifth largest trade partner and 11th largest investor.
 
After his engagements in Switzerland, the Prime Minister will proceed to the US later on Monday and on Wednesday to Mexico.