The Joint Commission was co-chaired by the Minister of Economic Development Carlo Calenda from the Italian side and by the Minister of Commerce and Industry Nirmala Sitharaman from the Indian side.
Both Sides reiterated the importance of the JCEC towards the development of bilateral economic and trade relations through facilitating dialogue and enhancing cooperation on a wide range of issues of mutual interest.
India’s bilateral trade with Italy during 2014-15, 2015-16 and 2016-17 was US$ 9.32 billion, US$ 8.28 billion and US$ 8.80 billion respectively. Bilateral trade during the last three years has remained stable despite global slowdown, read the government statement.
Besides the JCEC, Smt. Nirmala Sitharaman, also had bilateral meetings with Paolo Gentiloni, Prime Minister of Italy and Carlo Calenda, Minister for Economic Development, Government of Italy.