The India-Egypt Joint Trade Committee (JTC) meeting was held in New Delhi from 16th to 17th September 2024. Both sides express desire for early signing of MoU on cooperation between National Small Industries Corporation of India and MSME Development Agency of Egypt.
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| 6th India-Egypt Joint Trade Committee (JTC) Meeting held in New Delhi |
6th Session of India-Egypt Joint Trade Committee (JTC)
The 6th Session of India-Egypt Joint Trade Committee (JTC) was held in New Delhi from 16th to 17th September 2024 under the co-chairpersonship of Economic Adviser, Department of Commerce, Ministry of Commerce and Industry, Government of India, Priya P. Nair and Deputy Minister of Investment & Foreign Trade and Chairman of the Egyptian Commercial Service, Arab Republic of Egypt, Yahya Elwathik Bellah.
India-Egypt Joint Trade Committee (JTC) 2024: Key Highlights With Details
Indian side informed that necessary approvals for signing the MoU on cooperation between National Small Industries Corporation (NSIC) of India and MSME Development Agency (MSMEDA) of Egypt have been obtained. Both sides expressed their desire for an early signing and operationalization.
Read Also: India, Egypt sign MoU to exchange programmes for TV and Radio | Daily Current Affairs Dose
Both sides 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. Both sides also discussed market access issues on agricultural products and agreed to resolve the issues as early as possible.
Both sides also agreed on closer collaboration between their respective Investment Promotion Agencies.
Next India-Egypt JTC Meeting
India and Egypt agreed to hold the next meeting of the Joint Trade Committee (JTC) in Egypt in 2026.
Static Current Affairs related to Egypt for upcoming exams
- Capital city of Egypt: Cairo
- Largest city of Egypt: Cairo
- Official languages of Egypt: Arabic
- National language of Egypt: Egyptian Arabic
- President of Egypt: Abdel Fattah el-Sisi
- Prime Minister of Egypt: Moustafa Madbouly
- Total Population of Egypt 2023 estimate: 109,546,720
- Currency of Egypt: Egyptian pound (EGP)
 Meeting held in New Delhi){kind=link}
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