With these new initiatives, India has seen a surprising surge in exports of precious metals, minerals, automobiles, electronics, pharmaceuticals, organic chemicals, textiles, spices and defence equipment.
Jaishankar noted that the bilateral trade between the two nations crossed the USD 3 billion level in 2023 and expressed confidence that it will continue to grow.
Pakistan and Afghanistan are set to hold trade talks as a Pakistani commerce ministry delegation is scheduled to arrive in the Afghan capital Kabul tomorrow (Monday), to remove obstacles in transit and bilateral trade, reported Dawn.
According to a press release, the memorandum, set to be inked between the Government of India and the Royal Government of Bhutan, seeks to enhance bilateral trade in the hydrocarbon sector, ensuring a secured and long-term supply of petroleum products to Bhutan.
The non-oil bilateral trade between India and the UAE has seen a sizable jump to over USD 50 billion ever since the signing of the CEPA agreement and the aim is now to take it close to USD 100 billion by the end of this decade.
Taking to X, EAM Jaishankar shared about the meeting saying, "Warmly welcomed FM Peter Szijjarto of Hungary in New Delhi. As we celebrate 75 years of diplomatic relations this year, noted the significant advances in political, bilateral trade and investment and education sectors. Also spoke
"Amb @AdarshSwaika1 called on the new Minister of Commerce and Industry of Kuwait H.E Abdullah Hamad AlJouan. Ambassador highlighted the growing bilateral trade ties and significant potential for strengthening bilateral economic cooperation, including investments," Indian embassy in Kuwait p
According to a press release, the two leaders expressed confidence that Bharat Mart will propel India-UAE bilateral trade further by leveraging Jebel Ali Port's strategic location and strength in logistics.
The President said that there is a need to further diversify our bilateral trade basket. There is also immense potential to improve collaboration in the fields of Ayurveda, bio-fuels, and agriculture, especially in millets.