Suez Canal Economic Zone among several areas for enhancing cooperation
The sixth Session of India-Egypt Joint Trade Committee (JTC) has approved signing the MoU on cooperation between National Small Industries Corporation (NSIC) of India and MSME Development Agency (MSMEDA) of Egypt.
Both sides have expressed their desire for an early signing and operationalization of the MoU, the Ministry of Commerce and Industry said on 26 Sept commerce .
This follows the two countries hosting the JTC session in New Delhi on 16-17 Sept under the co-chairpersonship of Economic Adviser, Department of Commerce Priya P. Nair and Deputy Minister of Investment & Foreign Trade and Chairman of the Egyptian Commercial Service Yahya Elwathik Bellah moic.gov.eg.
Further, both sides have identified several areas of focus for enhancing bilateral cooperation in trade and investment including that in the Suez Canal Economic Zone (SCEZ), pharmaceuticals and health sector, gems & jewelry, engineering goods, petroleum and mining, MSME Sector, customs matters, services sector, IT services, electronics manufacturing, apparel manufacturing, renewable energy – green hydrogen, food security, international trade settlement and digital payments, transport and trade disputes etc sbi .
Both sides have also discussed market access issues on agricultural products and agreed to resolve the issues as early as possible bseindia .
They agreed on closer collaboration between their respective Investment Promotion Agencies nseindia .
Both sides agreed to address all issues impeding bilateral trade expeditiously and facilitate trade promotion between the two countries and to hold the next meeting of the JTC in 2026, in Egypt investindia .
They have reviewed the bilateral trade and agreed on exploring new areas of cooperation, diversifying the bilateral trade basket, and resolution of issues hindering trade between the two countries wto.org . Fiinews.com
