Talks opened in Delhi on Saturday (16 September) between Indian and Egyptian trade officials. They?
Talks opened in Delhi on Saturday (16 September) between Indian and Egyptian trade officials. They were meeting to draw up a new trade protocol to replace the current agreement which expires at the end of September.
The Egyptian delegation is led by the Permanent Under-Secretary for Economy and Foreign Trade, Mr. Mahmoud Shalaby, while Mr. Mohammed Yunus of the Foreign Trade Ministry heads the Indian team at the talks.
Trade between India and Egypt in the past twelve months was worth about 800 million rupees (about GBP42 million sterling).
SYNOPSIS: In Delhi, talks began at the Foreign Trade Ministry on Saturday between Egyptian and Indian trade officials. They're meeting to draw up a new trade protocol to replace the current agreement.
As the first negotiating session got underway, the leader of the Indian delegation, Mr. Mohammed Yunus, said his Government as anxious to increase trade with Egypt.
Two-day trade between the countries amounted to forty-two million pounds in the past year, with the balance of payments in favour of India.
The head of the six-man Egyptian team, Mr Mahmoud Shalaby, Under-Secretary for Economy and Trade, said he would do his best at the talks to strengthen trade relations with India. Egypt's main export to India is cotton, but the Government is anxious to widen the trade to include manufactured goods. India's exports to Egypt include tea, juts, tobacco, cotton yarn and a range of chemical and steel products.