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India-Africa Trade Gets A Major Boost

In order to promote India-Africa trade and economic relations, Ministry of Commerce and Industry regularly reviews India’s trade with Africa through institutional mechanisms like Joint Commission Meetings (JCMs), Joint Trade Committees (JTCs), and Joint Working Groups (JWGs), said an official release.

The 9th Session of the India-Kenya Joint Trade Committee was held in New Delhi on 19-20 August, 2019 under the co-chairmanship of Minister of Commerce and Industry, Piyush Goyal and his Kenyan counterpart Mr. Peter Munya, Cabinet Secretary (Minister) for Ministry of Industry, Trade and Cooperatives, Government of the Republic of Kenya.

During the meeting, wide ranging discussions were held cutting across sectors like MSME, Agriculture, Information Communication Technology (ICT), Tourism, Administration of Standards, Development of Human Resources in Higher Education, Science & Technology, Investment Promotion and Protection, Air Services, Energy, Plastics, Textile, Pharmaceuticals, Oil & Gas, Health, Immigration, Automobile and other engineering products. Collaboration in the field of issue of recognition of Indian Pharmacopoeia in Kenya was also discussed.

The First India-Nigeria JTC was held from 19th – 20th December, 2019 in New Delhi, under the Co-chair of Commerce Secretary, Government of India and his Nigerian counterpart. The first meeting of the India-South Africa JWG on Trade and Investment was held in January, 2019, to deliberate on the bottlenecks including non-tariff barriers, and suggest the way forward to further deepen India’s trade with the region.

In order to leverage the huge presence of Indian business community in Africa for promoting India’s exports to the region, three rounds of interactions of Minister of Commerce & Industry were organized through Indian Missions with Indian business community in Madagascar, Tanzania, Mauritius, Kenya, Uganda, South Africa, Zambia, Mozambique, Ghana, Botswana, Nigeria, Morocco, Senegal, Zimbabwe, Cote d’Ivoire, Ethiopia and Egypt over Digital Video Conference (DVC) in May, 2019.

source: SME Times