India and Slovenia Strengthen Economic Ties at 10th Joint Committee on Trade Session

The 10th Session of the India–Slovenia Joint Committee on Trade and Economic Cooperation (JCTEC) was held in New Delhi, marking a significant step forward in the bilateral relationship between the two nations. Co-chaired by Shri Saket Kumar, Joint Secretary, Ministry of Commerce and Industry, Government of India, and Mr. Peter Japelj, Director General for Economic, Cultural, and Scientific Diplomacy, Ministry of Foreign and European Affairs of Slovenia, the session provided a platform to review the current state of economic engagement and explore new avenues for collaboration.

A Growing Partnership 

Over the years, bilateral trade between India and Slovenia has shown a consistent upward trajectory, reflecting the growing depth and resilience of their partnership. Slovenia’s strategic location at the crossroads of Central Europe, coupled with India’s expanding engagement with Europe, presents a unique opportunity to bring the two regions closer together. This geographical and strategic convergence offers a strong foundation for deepening cooperation in trade, technology, innovation, and connectivity.

Key Discussions and Areas of Cooperation 

The session included a comprehensive review of the global and domestic economic landscape, as well as an assessment of bilateral trade and investment relations. Both sides explored opportunities for sectoral cooperation across a wide range of industries, including:

Agriculture: Strengthening trade in agricultural products and exploring sustainable farming practices.
Chemicals and Pharmaceuticals: Enhancing collaboration in research, development, and trade of chemical and pharmaceutical products.
Health: Promoting partnerships in healthcare and medical technologies.
Transport and Energy: Exploring innovative solutions for sustainable transport and energy cooperation.
Tourism: Boosting tourism exchanges to promote cultural understanding and economic growth.
MSMEs: Supporting small and medium enterprises to foster entrepreneurship and innovation.
Ayurveda and Traditional Medicine: Promoting India’s rich heritage in traditional medicine and exploring its integration into Slovenia’s healthcare system.

India–EU Free Trade Agreement 

Both nations expressed optimism for the early conclusion of a balanced and mutually beneficial India–EU Free Trade Agreement (FTA). Such an agreement would further enhance economic ties, opening up new opportunities for trade and investment between India, Slovenia, and the broader European Union.

Strengthening Bilateral Cooperation 

During his visit, Mr. Peter Japelj met with Commerce Secretary Shri Rajesh Agrawal to discuss ways to deepen bilateral cooperation. The discussions emphasized the importance of mutual trust, shared values, and enduring friendship in fostering a dynamic economic partnership.

A Vision for the Future

The 10th JCTEC reaffirmed India’s commitment to nurturing a robust and forward-looking partnership with Slovenia. Both nations are determined to build on their shared interests and work together to create a brighter future of economic growth and collaboration. The session laid the groundwork for deeper ties across Europe and India, paving the way for enhanced trade, investment, and cultural exchange.

As India and Slovenia continue to strengthen their relationship, the outcomes of this session highlight the potential for both nations to achieve shared prosperity through cooperation in key sectors. The partnership is poised to play a pivotal role in bringing Central Europe and India closer together, fostering innovation, connectivity, and sustainable development.

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Source: Ministry of Commerce & Industry

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