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10th Session of the India- Jordan Trade and Economic Joint Committee (TEJC) concludes on Wednesday

10th Session of the India- Jordan Trade and Economic Joint Committee (TEJC) concludes on Wednesday

India Blooms News Service | | 05 Jul 2017, 05:41 pm
New Delhi, Jul 5 (IBNS): The two-day 10th India-Jordan Trade and Economic Joint Committee (TEJC) meeting concluded in New Delhi on Wednesday under the co-chairs of Nirmala Sitharaman, Union Minister of State (Independent Charge) for Commerce and Industry and Yarub Qudah, Minister of Industry, Trade and Supply, the Government of the Hashemite Kingdom of Jordan.

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, 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.

The two leaders also inked the revised Economic and Trade Cooperation Agreement between India and 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 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.

Image: PIB

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