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New Delhi (India), 27 November: European Commission and Indian Ministry of Labor and Employment today signed a Memorandum of Understanding to strengthen dialogue and exchange on employment and social affairs issues of common interest. It follows a decision at EU-India Summit in September 2005 to reinforce cooperation between two partners, including in the area of employment and social policy. It will provide the framework to exchange ideas on areas such as social protection, social cohesion, labor legislation, employment, labor relations and social dialogue. The first exchange under the new agreement- a high-level joint seminar on skills, training and employment- kicks off today.

Vladimir Spidla, EU Commissioner for Employment, Social Affairs and Equal Opportunities, and Oscar Fernandes, Indian Minister of Labor and Employment, agreed that the MoU would provide a solid basis for policy dialogue and cooperation. Commissioner Spidla said: "This MoU will provide mutual learning opportunities for both sides. India is a rapidly emerging economy and a major player in international trade- it is time for a policy dialogue between EU and India on employment and social affairs issues. In a globalized world, we can all learn from each other. From our side, we look forward to discuss with India the European experience of integrated employment and social policy."

MoU comes at a time when both sides face up to the challenges linked to globalization, from fostering economic growth and creating quality jobs to safeguarding social cohesion and sustainable development.

(Www.mediabharti.com)