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of <h1>India and Bulgaria Sign Merchant Shipping Agreement to Boost Maritime Cooperation and Cargo Services, Avoid Double Taxation.</h1> An agreement on Merchant Shipping was established between the governments of India and Bulgaria to enhance maritime relations. The agreement focuses on cooperation in maritime navigation, establishing regular liner shipping services, and promoting vessel participation in cargo carriage between the two countries. It includes provisions to avoid double taxation on freight earnings and ensures mutual recognition of ship documents. The agreement also covers issues such as port access, crew treatment, and shipwreck assistance. A joint committee will oversee the agreement's implementation, which will be effective for five years with automatic annual renewals unless renegotiated.
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