Piyush Goyal to Visit Egypt for Strengthening Bilateral Trade and Investment

New Delhi, November 14 (Daily Kiran) : Indian Commerce and Industry Minister Piyush Goyal is set to embark on an official visit to Egypt from November 15 to 16. The primary goal of this trip is to bolster the longstanding strategic and economic ties between India and Egypt. The focus will be on enhancing bilateral trade, investment, industrial collaboration, and business-to-business connections.

The Ministry of Commerce announced that during this visit, the seventh session of the India-Egypt Joint Trade Committee (JTC) will take place, along with a meeting of the India-Egypt Joint Business Council (JBC) and the India-Egypt Business Forum.

Goyal will hold bilateral meetings with senior ministers from the Egyptian government. He is also expected to engage with prominent industry representatives, including those from the African Export-Import Bank, the Egyptian Junior Businessmen Association, and the Egypt-India Startups Forum.

The government anticipates that these discussions will invigorate partnerships centered on trade, investment, industrial cooperation, and innovation.

The JTC’s seventh session will be co-chaired by Piyush Goyal and Egypt’s Minister of Investment and Foreign Trade, Dr. Mohamed Farid Saleh, in Cairo. This meeting aims to review the progress of trade and investment relations between the two nations and explore ways to broaden their commercial scope.

Key agenda items include market access, non-tariff barriers, trade measures, agricultural and food products, pharmaceuticals and healthcare services, engineering goods, chemicals and petrochemicals, fertilizers, textiles, micro, small, and medium enterprises (MSMEs), customs cooperation, the service sector, renewable energy, green hydrogen, transportation, and logistics.

Data indicates that from April to September 2026, bilateral merchandise trade between India and Egypt reached $5.04 billion, marking a 64% increase compared to the same period last year.

In the fiscal year 2025-26, India’s exports to Egypt totaled $3.87 billion, while imports from Egypt stood at $2.60 billion. India primarily exports meat and poultry products, petroleum products, organic chemicals, cotton, and machinery, while it imports crude oil, fertilizers, cotton, and mineral products from Egypt.

Both countries will also discuss enhancing participation in each other’s markets, strengthening institutional cooperation, resolving trade-related issues, and promoting investment partnerships.

Additionally, the discussions are expected to cover potential collaboration in the Suez Canal Economic Zone, industrial development, manufacturing, infrastructure, ports and logistics, and regional value chains. Egypt’s strategic geographical location offers Indian businesses significant opportunities to strengthen their presence and access markets across Africa, the Middle East, and Europe.

During this visit, Minister Piyush Goyal will engage in bilateral meetings with senior Egyptian ministers to exchange ideas on further strengthening economic and commercial relations, particularly in trade, investment, and industrial cooperation.