India and Brunei Agreement

India and Brunei ink agreement to strengthen bilateral ties

India and Brunei have signed an agreement to strengthen their bilateral ties in various fields including defence, security, and energy. The agreement was signed during the visit of Indian External Affairs Minister, S Jaishankar, to Brunei on 29 April 2021.

The two countries have agreed to enhance collaboration in the areas of defence and military education, maritime security, cybersecurity, and disaster management. They will also work together to promote trade, investment, and tourism.

In the energy sector, India and Brunei have agreed to explore cooperation in the field of LNG and other areas of mutual interest. The agreement aims to boost the economic relations between the two countries.

India and Brunei have a history of strong ties and cooperation. The two countries have been working together for many years on various international issues. Brunei supports India`s permanent membership in the United Nations Security Council and has been a strong supporter of India`s Look East policy.

India is the seventh-largest trading partner of Brunei and the two countries have been working closely on enhancing trade and investment ties. In 2019-20, India`s exports to Brunei were valued at $60.9 million, while its imports were worth $1.5 million.

The agreement signed between India and Brunei is expected to further strengthen the bilateral relations between the two countries. It will provide a framework for closer cooperation and collaboration on various issues of mutual interest.

Overall, the agreement signed between India and Brunei is a positive development for both countries. It will not only strengthen their bilateral relations but also contribute to regional stability and prosperity. With this agreement, India is expected to deepen its engagement with Southeast Asia and strengthen its ties with ASEAN countries.