India and USSR 1976 Agreement Boosts Merchant Shipping, Avoids Double Taxation, and Facilitates Maritime Traffic for 5 Years.

The agreement between the Government of India and the Union of Soviet Socialist Republics, dated December 23, 1976, focuses on merchant shipping cooperation. It aims to enhance economic and trade relations by promoting parity in cargo carriage and mutual assistance in maritime activities. The agreement includes provisions for avoiding double taxation on income from cargo carriage, granting most-favored-nation treatment, and facilitating maritime traffic. It also outlines procedures for seamen's identity documents and entry regulations. The agreement establishes a Joint Committee for oversight and remains effective for five years, with automatic extensions unless renegotiated.