Egypt, India agree on boosting trade, cooperation on 75th anniversary of diplomatic ties

CAIRO – 15 October 2022: Egypt and India have agreed on boosting their trade and cooperation in various fields as they have a good time this 12 months the seventy fifth anniversary of their diplomatic relations.

The remarks were made on Saturday in a press conference between Egypt’s Foreign Minister Sameh Shoukry and his Indian counterpart, Subrahmanyam Jaishankar, who’s making his first visit to Egypt as foreign minister.

In the course of the press conference, Shoukry hailed the leap in bilateral relations with India in keeping with the historic relations binding the 2 countries, saying that trade between the 2 countries saw 40 percent increase.

“There’s a firm political will between the 2 sides on joint work to reinforce the bilateral relations and coordinate on regional and international issues,” Shoukry said throughout the presser.

For his part, Jaishankar affirmed that India had invited Egypt to attend the meetings of the Group of 20 (G20), which India is scheduled to preside over early in December.

Jaishankar affirmed that Egypt, the host of the UN Climate Change Conference (COP27) in November, will add to the G20 meetings.

He stressed his country’s support to Egypt’s hosting of COP27 and its struggle to make sure climate motion and finance for developing countries.

Jaishankar hailed the bilateral relations and political consultations between the 2 countries, affirming the importance of boosting bilateral trade.

Investments of Indian corporations operating in Egypt exceed $3 billion, Jaishankar said.

He also make clear Egyptian-Indian cooperation within the fields of capability constructing, expertise exchange in addition to the sectors of vaccine production and pharmaceutical industry.

The Indian minister said he discussed with Shoukry the crisis in Ukraine and its impact on fertilizers, food, and securing energy.

Jaishankar added that he discussed along with his Egyptian counterpart the likelihood to create a more resilient global economy.

Additionally they discussed the Palestinian cause.

Shoukry, for his part, said he briefed the Indian minister on the developments of the Grand Ethiopian Renaissance Dam (GERD) issue.

Jaishankar also highlighted the cooperation between Egypt and India in the safety and defense fields and the joint drills that the forces of the 2 countries perform.

In September, Indian Minister of Defense Rajnath Singh made an official visit to Cairo during which he met with President Abdel Fattah El-Sisi and affirmed India’s keenness to spice up relations with Egypt.


Please enter your comment!
Please enter your name here