Although the two bodies said that issues relating to the one-day series with India earlier this year would still be referred to arbitration, they intend to begin talks on a long-term deal to cover future tours.

BBC: West Indies resolve contract row

In a statement to parliament Mr Khurshid said that Italian requests "for diplomatic or expert level meetings" to consider the issue of jurisdiction in the case - "or whether it can be referred to arbitration or any other judicial mechanism cannot be accepted".

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