India, Italy discuss ways to boost trade, economic ties

The Dollar Business Bureau 

India and Italy on Friday conducted talks to find ways to boost trade and economic relations by enabling discussions and enhancing collaboration on a range of issues of joint interest.

The issues related to trade were discussed during the 19th session of India-Italy Joint Commission for Economic Cooperation (JCEC), which was held in Rome on May 11-12.

The joint commission was co-chaired by India’s Minister of Commerce and Industry Nirmala Sitharaman and Carlo Calenda, Italian Minister of Economic Development.

“Both sides reiterated the importance of 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,” the Ministry of Commerce said in a statement. 

Despite global slowdown, the bilateral trade between India and Italy has remained stable during the last three years. The bilateral trade between the two nations stood at $9.32 billion during 2014-15, $8.28 billion in 2015-16 and $8.8 billion during 2016-17.

Besides the joint commission, Sitharaman also had bilateral meeting with Italian Prime Minister Paolo Gentiloni.