In the latest session of the India-Egypt Joint Trade Committee (JTC), both nations have identified international trade settlement and digital payments as key areas for collaboration, along with trade and investment in Egypt’s Suez Canal Economic Zone (SCEZ). This development was announced following the sixth JTC meeting held on Thursday.
India confirms the necessary approvals for a Memorandum of Understanding (MoU) between the National Small Industries Corporation (NSIC) of India and Egypt’s MSME Development Agency (MSMEDA), aimed at fostering cooperation in the micro, small, and medium enterprises sector.
Numerous sectors were highlighted as priority areas for future cooperation, including pharmaceuticals, healthcare, gems and jewelry, engineering goods, petroleum, mining, information technology, apparel manufacturing, renewable energy, green hydrogen, and food security. Customs matters and services sector improvements were also underlined.
Highlighting agriculture as a significant topic, both sides agreed to swiftly resolve market access issues affecting agricultural products. Investment Promotion Agencies were also discussed to enhance bilateral trade and investment opportunities. The meeting saw agreement on addressing trade barriers, increasing cooperation, and exploring new areas for collaboration
India and Egypt reviewed their current trade relations and explored new avenues for cooperation, diversification of their trade basket, and resolution of existing trade barriers. The next JTC meeting is scheduled to be held in Egypt in 2026.
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