Piyush Goyal calls for enhancing bilateral trade between India and Kyrgyz Republic

Piyush Goyal calls for enhancing bilateral trade between India and Kyrgyz Republic

New Delhi: Union Minister of Commerce and Industry Piyush Goyal on Friday called for enhancing bilateral trade and deepening cultural relations between India and Kyrgyz Republic.

Addressing the 10th Session of the India-Kyrgyz Republic Inter-Governmental Commission on Trade, Economic, Scientific and Technological Cooperation (IKIGC), he said India and Kyrgyz Republic shared warm and friendly ties.

India was among the first Nations to establish diplomatic relationship with Kyrgyz Republic in March 1992 and observed that 2022 marked the 30th anniversary of diplomatic relationships between the two nations, he said.

The visit of Prime Minister Narendra Modi to the Kyrgyz Republic in June 2019 had raised the relationship between two nations to the level of strategic partnership, he said and pointed out that there was immense potential for expansion of bilateral trade between India and Kyrgyzstan.

He said India was very enthusiastic about participating in trade shows and exhibitions in Kyrgyztan and invited Kyrgyztan to take part in trade expos in India.

Both sides discussed mutual cooperation and steps to further enhance them in the fields of Trade & Economy, Development Partnership, Investment, Digitalization, Intellectual Property, Agriculture, Healthcare & Pharmaceuticals, Textiles, Education, Environment, Standardization & Metrology, Banking, Transport, Labour, Mining and Power sectors, an official statement said.

Emphasis was given to increase the bilateral trade and investment opportunities.

The sides agreed to take necessary measures to increase the interaction of exporters and importers of the two countries and expand the trading basket.

A Protocol of the 10th session of the IKIGC was signed between India and the Kyrgyz Republic. Both the sides agreed to hold the 11th session of the IKIGC on a mutually convenient date, the statement added.


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