Egypt, India chart path to $12bn trade
Egypt and India have agreed to pursue concrete steps towards lifting bilateral trade to $12 billion, with President Abdel Fattah El-Sisi and Prime Minister Narendra Modi also discussing ways to expand investment ties during talks on the sidelines of the 18th BRICS Summit in New Delhi. The leaders met on Sunday as Egypt pressed for faster progress on a trade goal first set during El-Sisi’s state…
Egypt and India have set a target to boost bilateral trade to $12 billion, according to discussions between President Abdel Fattah El-Sisi and Prime Minister Narendra Modi during the 18th BRICS Summit in New Delhi. The leaders met to explore ways to expand investment ties and strengthen the strategic partnership. Egypt's presidency emphasized the importance of translating economic relations into projects and commercial flows, aiming for trade to reach the $12 billion target.
Currently, bilateral merchandise trade stands at around $6.5 billion. Investment in sectors such as manufacturing, technology, clean energy, and automotive industries is a priority for Egypt. Modi and El-Sisi also discussed regional and international developments during their meeting. This push for increased trade aligns with Egypt's role as a production and export base for African, Middle Eastern, and European markets.
Written by urgent.news from Arabian Post's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
