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India and Egypt Aim to Boost Trade and Investment Ties

Reported by Vivek Joshi (Copy Editor) · The Hindu - National ·

Source: The Hindu
Worth knowing
India and Egypt Aim to Boost Trade and Investment TiesPhoto: Wikimedia Commons

India is working to expand trade and investment with Egypt by widening market access and encouraging two-way economic ties. Commerce and Industry Minister Piyush Goyal shared these plans in Cairo while speaking at a community event organised by the Indian Community Association in Egypt.

Trade Figures

Bilateral trade between India and Egypt currently stands at about $6.5 billion. India's exports to Egypt reached $3.87 billion during 2025-26, while imports stood at $2.60 billion. Major Indian exports include meat and poultry products, petroleum products, organic chemicals, cotton and machinery. Key imports from Egypt comprise crude petroleum, fertilisers, cotton and mineral products. Meanwhile, foreign direct investment from Egypt into India totaled $1.5 million between April 2000 and June 2026.

Delegation And Pacts

Mr. Goyal is visiting Cairo for two days while leading a 132-member business delegation to meet Egyptian leaders and business heads. He noted that India has made trade the core of its economic agenda by expanding free trade agreements with friendly nations. India has implemented trade pacts with Mauritius, Australia, UAE, Oman, the EFTA bloc, New Zealand and the U.K. over the last five years, and plans to sign an agreement with the EU next month. Active trade negotiations are also underway with Canada, Chile, the SACU group, Mercosur and the EAEU bloc.

Context

India has increasingly used bilateral trade pacts and international business delegations to integrate its economy with global markets and secure preferential access for its goods and services. Trade agreements help nations lower import duties and ease business rules, which generally encourages companies to trade more across borders.

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