In all 13 such check posts have been planned seven of

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In all, 13 such check-posts have been planned, seven of them along the Bangladesh border. The project was envisaged in 2007. A separate body — the Land Port Authority of India (LPAI) — was constituted in 2011 to boost trade via the land border points.
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CURRENT AFFAIRS OCTOBER 2017 155 | Page 9004078746 [email protected] An ICP has several facilities such as passenger terminal building, currency exchange counter, Internet hubs, cargo process building, cargo inspection sheds, warehouse, cold storage, quarantine laboratory, clearing agents, banks, vehicle scanners, isolation bay, parking and cafeteria. Five ICPs — at Attari in Punjab (along the Pakistan border), Petrapole in West Bengal (Bangladesh border), Akhaura in Tripura (Bangladesh), Raxaul in Bihar (Nepal) and Jogbani in Bihar (Nepal) — are already functional. BILATERAL 3. INDIA JAPAN Cabinet nod for natural gas cargo-swap deal with Japan The Cabinet approved a cargo-swapping arrangement with Japan as part of a broader bilateral pact to create a gas exchange that could reduce India’s logistical costs for natural gas import. As the world’s largest importer of gas, Japan has pacts for supply with Qatar. India has similar pacts with Australia. As part of the gas exchange, we have a provision that will allow the swapping of these gas contracts which will save [on] transport costs . So, we can get gas from Qatar instead of Japan and they can source our quantum from Australia . Tokyo for quadrilateral talks Citing growing international partnerships, India said it was “open” to work with partner countries for regional issues that are “relevant”. The comments from the External Affairs Ministry came after Japanese Foreign Minister Taro Kono declared in a media interview that Tokyo would call for a quadrilateral dialogue with Australia, India and the U.S. “India is open to working with like-minded countries on issues that advance our interests and promote our viewpoint. We are not rigid this regard. Because of our broad acceptability as a country, there are a number of such initiatives which is trilateral in nature. For example, we did the trilateral meeting with Russia and China on the topic of Asia-Pacific last year. We also do an India-Sri Lanka-Maldives trilateral on security matters ,” Ministry spokesperson Raveesh Kumar said. Indications of regional partnership between India and Japan came also during Mr Abe’s visit, with both sides indicating willingness to manage the maritime domain from Indian Ocean and the Asia- Pacific zone BILATERAL 4. INDIA-EU India-EU talks in a muddle India and the European Union have “failed to live up to their potential ”, said German Ambassador Martin Ney, expressing disappointment at the failure of the EU-India summit held in Delhi in October 2017 to agree on the resumption of talks on the investment and free trade agreement.
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