The Union Cabinet gave approval for signing and ratifying an agreement between India and Armenia on cooperation and mutual assistance in customs matters on Wednesday.
The agreement will be signed on behalf of the two countries after it is approved by the respective governments.
The agreement, which was approved by the Cabinet chaired by Prime Minister Narendra Modi, is expected to facilitate trade, ensure efficient clearance of goods traded between the two countries. The agreement will also help in the availability of relevant information for the prevention and investigation of customs offences.
It will also provide a legal framework for sharing information and intelligence between the customs authorities and help in the proper application of customs laws, prevention and investigation of customs offences and the facilitation of legitimate trade.
The draft text of the agreement has been finalised with the concurrence of the two customs administrations.