India-Belgium Partnership Vital for Global Diamond Trade, Says Commerce Secretary Rajesh Aggarwal
Rajesh Aggarwal highlights the importance of India-Belgium ties in the diamond industry during a meeting in Brussels.
New Delhi, November 1 (Daily Kiran) : Commerce Secretary Rajesh Aggarwal emphasized the crucial partnership between India and Belgium in the global diamond value chain during a meeting with industry representatives at the Indian Embassy in Brussels. He noted that both nations have maintained strong business ties in this sector for decades.
According to an official statement, Aggarwal highlighted India’s prominence in diamond cutting and polishing, while Belgium is recognized as a global trading hub for precious gems. The meeting served as a platform for industry representatives to discuss global trade trends, market demand, business opportunities, and future challenges.
The Ministry of Commerce stated that the discussions focused on the global diamond trade, emerging market trends, and the longstanding commercial relationship between India and Belgium. Prior to this meeting, Aggarwal had also engaged with industry leaders on October 30 to analyze the current state of the global diamond market, evolving demand, and the opportunities and challenges facing the trade.
Recently, India, Belgium, and Luxembourg have agreed to further strengthen economic cooperation. During the 19th session of the India-Belgium-Luxembourg Economic Union (BLEU) Joint Economic Commission, discussions centered on enhancing collaboration in sectors such as aerospace, research, innovation, and higher education.
Both parties reviewed bilateral trade and investment relations, exploring ways to elevate economic cooperation through partnerships in logistics, air connectivity, port development, renewable energy, clean technology, financial services, fintech, digital transformation, information and communication technology, healthcare, Ayurveda, and agriculture and food processing.
