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05/07/2017 04:03pm

India- Jordan Trade and Economic Joint Committee discuss roadmap for cooperation in various fields including MSME

image India- Jordan Trade and Economic Joint Committee discuss roadmap for cooperation in various fields including MSME

New Delhi, July 5 (KNN) During the 10th India-Jordan Morocco Trade and Economic Joint Committee (TEJC) Meeting, the two countries emphasized the need for diversification of bilateral trade and deepening their engagements in different sectors including MSME for greater cooperation in investment sector.

The meeting was held in New Delhi on 4th and 5th July, 2017 under the co-chairs of Nirmala Sitharaman, Minister of State (Independent Charge) for Commerce and Industry, Government of India, and Yarub Qudah, Minister of Industry, Trade and Supply, the Government of the Hashemite Kingdom of Jordan.

The two leaders also inked the revised Economic and Trade Cooperation Agreement between the Government of the Republic of India, and the Government of the Hashemite Kingdom of Jordan, aiming at boosting and diversifying bilateral trade relations, in addition to promote economic, trade and investment cooperation based on the principle of equity, non-discrimination.

On this occasion, the two countries emphasized the need for diversification of bilateral trade and deepening their engagements for greater cooperation in investment sector.

During the TEJC meeting, the two sides also reaffirmed their mutual interest and discussed the roadmap for cooperation in various fields such as Fertilizer Sector, Customs, Double Taxation Avoidance Agreement, Visa and Consular issues, Health and Pharmaceuticals, Micro, Small and Medium Enterprises (MSME), Maritime Transport, Rail Transport, and Air Transport, Renewable Energy, Energy Efficiency, and Smart Grid development, Information Technology, Higher Education and Vocational Training, Agriculture sector etc.

On the sidelines of the TEJC, business federations from both sides also met and discussed the roadmap for promotion of trade and investment through B2B mechanism.

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