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June 4, 2023

Piyush Goyal calls for enhancing bilateral trade and deepening cultural relations between India and Kyrgyz Republic

Shri Piyush Goyal, Union Minister of Commerce and Industry, Consumer Affairs, Food and Public Distribution, and Textiles, advocated for expanding bilateral trade and strengthening ties between India and the Kyrgyz Republic on a cultural level. He was speaking at the 10th Session of the Commission’s trade, economic, scientific, and technological cooperation between India and the Kyrgyz Republic (IKIGC).

The 10th IKIGC session was conducted virtually. Shri Piyush Goyal and Mr. Imanov Talantbek Oruskulovich, the Kyrgyz Republic’s Minister of Digital Development, served as co-chairs. The discussions took place in a welcoming and amicable environment.

Shri Goyal remarked that the Kyrgyz Republic and India had cordial relations.

In March 1992, India was one of the first nations to establish diplomatic ties with the Kyrgyz Republic, according to him, who noted that 2022 will mark the 30th anniversary of those ties.

The Minister claimed that the relationship between the two countries had reached a strategic partnership level as a result of Prime Minister Shri Narendra Modi’s trip to the Kyrgyz Republic in June 2019. The Minister emphasised the enormous potential for boosting bilateral trade between Kyrgyzstan and India. He claimed that India was eager to participate in trade fairs and exhibitions in Kyrgyzstan and extended an invitation to Kyrgyzstan to do the same.

In the areas of trade and economy, development partnerships, investments, digitalization, intellectual property, agriculture, healthcare & pharmaceuticals, textiles, education, the environment, standardisation & metrology, banking, transport, labour, mining, and power sectors, both parties discussed ways to further their cooperation. The promotion of bilateral trade and investment prospects was emphasised. The parties concurred to take the necessary actions to improve trade relations between the two nations and widen the trading base.

Between India and the Kyrgyz Republic was signed a protocol of the IKIGC’s 10th session. The 11th session of the IKIGC will take place at a time that is agreeable for all parties.

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