Statement of Guiding Principles on Triangular Cooperation for global development (The SGP Agreement)
Context:
- India, US sign Second Amendment to Statement of Guiding Principles on Triangular Cooperation for global development
The SGP Agreement
- It was signed in November 2014.
- It underscores the contribution of India-US partnership to global stability and prosperity.
- It provides a framework for promoting cooperation between the two countries to meet the developmental aspirations of partner countries, particularly in Asia and Africa.
The Second Amendment to the SGP Agreement
- It extends the validity of the SGP Agreement up-to 2026.
- It expands the scope of capacity building activities undertaken jointly by India and the United States under this framework.
- It also provides a consultative mechanism for joint biannual monitoring and review of activities undertaken under the SGP.
- Under the Agreement, India and US will continue to offer capacity building assistance to partner countries in multiple sectors, focusing primarily on agriculture, regional connectivity, trade and investments, nutrition, health, clean and renewable energy, and women empowerment.
- The Agreement helps fulfil the joint commitment of both nations to work together and leverage their combined capacities to provide demand-driven development partnership.
- This triangular cooperation with the US will complement India’s other ongoing and future development partnerships, capacity building and technical assistance with countries globally.
1.png)
