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| 9th Session of India-Kenya Joint Trade Committee Held in New Delhi |
9th Session of India-Kenya Joint Trade Committee Held in New Delhi
The Indian delegation was led by Union Minister of Commerce & Industry and Railways, Piyush Goyal. The Kenyan delegation was led by Peter Munya, Minister of Industry, Trade and Cooperatives, Government of the Republic of Kenya.
The JTC is an ideal framework for trade and economic expansion between the two countries and reaffirmed their commitments to deepen the trade and economic ties further.
In 2018-19 India’s top items of exports were petroleum products, drug formulations, biological and industrial machinery for dairy, paper, paper board and products, plastic raw materials, two and three-wheelers, iron and steel, manmade yarn, fabrics made-ups, books, publications and printing, electric machinery and equipment. On the import side, it was inorganic chemicals, pulses, coffee, drug formulations, biologicals, copper and products made of copper, wood products, aluminium, products of aluminium, Tea and finished leather. Both sides stressed the need to enhance trade relations and also to diversify the trade basket.
During the season, Kenya and India signed Important Memorandum of Understanding (MoUs) /bilateral Agreements like the revised Double Taxation Avoidance Agreement (DTAA), bilateral agreement on exemption of visa for holders of Diplomatic passports, MoU on defence cooperation, MoU on Cooperation in the field of standardization and knowledge sharing between Bureau of Indian Standards and Bureau of Kenya Standards.
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