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India, Cambodia looking forward to cooperation in traditional medicine,governance and UPI
India-Cambodia
Photo Courtesy: Ministry of Commerce and Industry website

India, Cambodia looking forward to cooperation in traditional medicine,governance and UPI

| @indiablooms | 22 Jun 2024, 04:55 pm

Indian and Cambodian officials recently co-chaired a meeting when they looked forward to cooperation into the fields of traditional medicine and e-governance, diversification of the trade basket by identifying new products, bilateral investment treaty, recognition of Indian Pharmacopoeia and collaboration in the pharma sector.

 The 2nd meeting of JWGTI was hosted by India in Vanijya Bhawan, New Delhi on 19th June 2024.

The meeting was co-chaired by Siddharth Mahajan, Joint Secretary, Department of Commerce, Ministry of Commerce and Industry, India and Long Kemvichet, Director General for International Trade, Ministry of Commerce, Cambodia.

The representatives of stakeholder Ministries also participated in the meeting. The JWGTI was first held in July 2022 virtually, read statement issued by the Indian Ministry of Commerce and Industry.

This was the first physical meeting of the JWGTI after it was institutionalized.

The JWGTI discussed various measures to improve the value and the quantum of trade to facilitate the expansion of trade and to promote investment. 

Siddharth Mahajan mentioned about measures for deepening bilateral trade and investment and also emphasized on creation of mechanism for cooperation and collaboration in sectors of mutual interest.

The meeting discussed the progress of the ongoing efforts for collaboration in Unified Payment Interface (UPI) based digital payment to promote trade and tourism.

The Cambodian side elaborated on the numerous investment opportunities that Cambodia presents for Indian businesses.

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