UPSC Exam   »   UPSC Prelims Examination   »   India and Vietnam Logistics Agreement

India-Vietnam Relations: India and Vietnam Sign Mutual Logistics Agreement

India and Vietnam Mutual Logistics Agreement- Relevance for UPSC Exam

India-Vietnam Relations: India and Vietnam Mutual Logistics Agreement will strengthen India Vietnam Relation. It will come under International Relations of GS Paper 2.

India-Vietnam Relations: India and Vietnam Sign Mutual Logistics Agreement_40.1

 

India and Vietnam Mutual Logistics Agreement in News

  • Recently, India and Vietnam signed a Memorandum of Understanding (MoU) on mutual logistics support during the ongoing visit of Defence Minister Rajnath Singh to the Southeast Asian nation.

India-Vietnam Relations: India and Vietnam Sign Mutual Logistics Agreement_50.1

 

India and Vietnam Defence Partnership

  • The Defence Ministers signed the ‘Joint Vision Statement on India-Vietnam Defence Partnership towards 2030’.
    • India-Vietnam Defence Partnership towards 2030 will significantly enhance the scope and scale of existing defence cooperation.
  • Logistics Agreement: signing of India and Vietnam Mutual Logistics Agreement is a major step towards simplifying procedures for mutually beneficial logistic support.
  • Significance: India and Vietnam Mutual Logistics Agreement is the first such major agreement which Vietnam has signed with any country.
  • Defence Line of Credit: Both countries also agreed for early finalisation of $US 500 million Defence Line of Credit extended to Vietnam.
  • Building Defence Capabilities: India announced gifting two simulators and monetary grant towards setting up of Language and IT Lab at Air Force Officers Training School for capacity building of Vietnamese armed forces.

USA-India Defense Technology & Trade Initiative

 

India-Vietnam Relations- Key Significance

  • India Vietnam Comprehensive Strategic Partnership: India and Vietnam share a Comprehensive Strategic Partnership since 2016 and defence cooperation is a key pillar of this partnership.
  • India’s Act East Policy: Vietnam is an important partner in India’s Act East policy.

 

What is Logistics Agreement?

  • Logistics agreements are administrative arrangements facilitating access to military facilities for exchange of fuel and provisions on mutual agreement.
  • Logistics Agreement simplifies logistical support and increases operational turnaround of the military when operating away from India.

Reciprocal Exchange of Logistics Agreement (RELOS)

 

What countries have signed the logistics agreement with India?

  • India has signed several logistics agreements including with all Quad countries, France, Singapore and South Korea.
  • India singed its first logistics agreement with USA in 2016. India-USA logistics agreement is also known as the Logistics Exchange Memorandum of Agreement (LEMOA).

 

Read current affairs for UPSC

India-US Trade Relations- U.S. becomes India’s biggest trading partner Thiruvananthapuram Declaration on Women’s Reservation RBI Annual Report 2022 Draft National Data Governance Framework Policy
Bharat Drone Mahotsav 2022- India’s biggest Drone Festival Geetanjali won International Booker Prize for ‘Ret Samadhi’ INS Khanderi- Scorpene Class Submarine Sugar Export Curbs: India’s Sugar Export, Need for Curbs, and their Impact
National Creche Scheme India Joins First Movers Coalition Economic Impact of COVID Related School Closures- ADB Report India’s First Lavender Festival
World Economic Forum Launches Net Zero India Exercise ‘Bongosagar’ National Women Legislators conference 2022 Scientific Social Responsibility Guidelines 2022

 

Sharing is caring!

Thank You, Your details have been submitted we will get back to you.