India and Qatar ink 7 agreements; to share intel on hawala, terror financing


Doha: Prime Minister Narendra Modi and Emir of Qatar Sheikh Tamim bin Hamad Al-Thani with signing of agreements at a ceremony at Emiri Diwan in Doha, Qatar on Sunday, June 5, 2016. (PTI)

India and Qatar on Sunday agreed to share intelligence to combat ‘hawala’ transactions and terror financing as the two countries signed seven agreements and decided to move beyond the trading relationship and get into strategic investments.

The two sides highlighted the need to “isolate” the sponsors and supporters of terrorism and agreed that urgent action against all such entities, which support terrorism and use it as an instrument of policy, must be taken.

At the end of wide-ranging talks, Prime Minister Narendra Modi, who is on a two-day visit, had with Emir of Qatar Sheikh Tamim bin Hamad Al-Thani and Qatari leadership, the two sides decided to constitute an inter-ministerial high-level joint committee to regularly review all bilateral matters, as well as regional and global issues of mutual interest.

“Crucial agreements were signed today, which will give new strength to India-Qatar ties,” said Modi.

“Sheikh Tamim and I had wide ranging talks on how India and Qatar can further expand bilateral ties,” he tweeted.

An MoU was signed between the Finance Intelligence Unit -India (FIU) and Qatar Financial Information Unit to share intelligence on illegal movement of money, termed as ‘hawala’.

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