Business Other News 26 Feb 2019 India, Italy discuss ...

India, Italy discuss ways to promote trade, investments

Published Feb 26, 2019, 4:49 pm IST
Updated Feb 26, 2019, 4:49 pm IST
Trade. (Photo: Twitter)
 Trade. (Photo: Twitter)

New Delhi: India and Italy on Tuesday discussed ways to increase cooperation in areas such as machinery, infrastructure, engineering, and agriculture to promote trade and investments between the countries.

These issues were discussed during the meeting of 20th India-Italy Joint Commission for Economic Cooperation (JCEC) here. It is an institutional mechanism for bilateral trade engagement held at the level of the Minister of Commerce and Industry of the two countries.

"Both India and Italy are looking towards the development of bilateral economic and trade relations through facilitating dialogue and enhancing cooperation in a wide range of sectors like machinery, infrastructure, engineering, digitalisation, agriculture and IPR," the commerce ministry said in a statement.

The two-day session is being co-chaired by Commerce and Industry Minister Suresh Prabhu and by Deputy Minister of Economic Development Michele Geraci from the Italian side. The 19th JCEC meeting was held in Rome in May 2017. The bilateral trade between the countries has increased to USD 10.41 billion in 2017-18 from USD 8.8 billion in 2016-17. 

Location: India, Delhi, New Delhi


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