India and Britain have agreed to establish a new bilateral dialogue to end terrorist financing.
The Indian government said once the mechanism is put in place, it would become a full member of the Financial Action Task Force, an inter-governmental body founded in 1989.
The job of the organization is to develop policies to combat money-laundering and terror-financing. The group has 34 members from 32 countries and two regional organizations (European Commission and the Gulf Cooperation Council). India has the status of an observer with the grouping.
"The two countries will expand existing counter-terrorism cooperation further in the fields of civil aviation security and crisis management," said a joint statement signed after talks between visiting British Prime Minister Gordon Brown and his Indian counterpart, Manmohan Singh.
Brown said that at a multilateral level, Britain extended support to India's initiative for adoption of a Comprehensive Convention on International Terrorism. Singh said India and Britain have agreed to take various concrete measures to build upon the existing cooperation between the two countries in the field of counter-terrorism.
"Our two countries are both victims of terrorism. We both reiterated our firm resolve to combat the forces of terrorism and extremism," Singh told a joint news conference in New Delhi.
http://www.upi.com/International_Security/Emerging_Threats/Briefing/2008/01/22/india_uk_for_talks_on_terrorist_funding/5199/
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