Immense potential to increase bilateral trade between India, Kyrgyzstan: Union Minister Goyal

New Delhi, Nov 5 (KNN) While addressing the 10th Session of the India-Kyrgyz Republic Inter-Governmental Commission (IKIGC), Commerce minister Piyush Goyal said that there is immense potential for expansion of bilateral trade between India and Kyrgyzstan.

Goyal on Friday called for enhancing bilateral trade and deepening cultural relations between India and the Kyrgyz Republic.

The 10th session of IKIGC was held in a virtual format. It was co-chaired by Piyush Goyal and Imanov Talantbek Oruskulovich, Minister of Digital Development of the Kyrgyz Republic.

The commerce minister noted that India and the Kyrgyz Republic share warm and friendly ties. He said that India was among the first countries to establish a diplomatic relationship with the Kyrgyz Republic in March 1992 and observed that 2022 marked the 30th anniversary of diplomatic ties between the two nations.

The minister said that the visit of Prime Minister Narendra Modi to the Kyrgyz Republic in June 2019 had elevated the relationship between the two nations to the level of strategic partnership.

“Both sides discussed mutual cooperation and steps to further enhance them in the fields of Trade & Economy, Development Partnership, Investment, Digitalization, Intellectual Property, Agriculture, Healthcare & Pharmaceuticals, Textiles, Education, Environment, Standardization & Metrology, Banking, Transport, Labour, Mining and Power sectors," an official statement by the ministry said.

“Emphasis was given to increasing the bilateral trade and investment opportunities. The sides agreed to take necessary measures to increase the interaction of exporters and importers of the two countries and expand the trading basket," it added.

A Protocol of the 10th session of the IKIGC was signed between India and the Kyrgyz Republic. Both sides agreed to hold the 11th session of the IKIGC on a mutually convenient date.   (KNN Bureau)