Strength­en­ing in­sti­tu­tional links lead­ing to trade growth be­tween Malta and In­dia

The Malta Business Weekly - - NEWS -

Wel­com­ing guests to the Mal­taIn­dia Busi­ness Fo­rum, the Pres­i­dent of the Malta Cham­ber of Com­merce, En­ter­prise and In­dus­try Frank V. Far­ru­gia said that co­op­er­a­tion be­tween Malta and In­dia was trans­lat­ing into a bet­ter ex­ploita­tion of Malta's geo­graph­i­cal po­si­tion, fa­cil­i­tat­ing the trans­ship­ment of goods from In­dia to South­ern Europe and North Africa.

“This is re­flected in bi­lat­eral trade be­tween Malta and In­dia, which has been ris­ing in the past years, mostly through trade ac­tiv­ity in phar­ma­ceu­ti­cals, or­ganic chem­i­cals, elec­tri­cal ma­chin­ery and tex­tiles,” Far­ru­gia said.

He re­marked that the two coun­tries were ex­pe­ri­enc­ing a deep­en­ing busi­ness re­la­tion­ship that was adding re­cip­ro­cal value to trade op­er­a­tions.

“This level of trade can only grow as a re­sult of the close col­lab­o­ra­tion be­tween the two coun­tries and the strength­en­ing of our in­sti­tu­tional links,” Far­ru­gia con­cluded.

The Busi­ness Fo­rum was at­tended by 30 Mal­tese busi­ness and in­sti­tu­tional or­gan­i­sa­tions that had meet­ings with 15 In­dian busi­ness rep­re­sen­ta­tives in a fruit­ful net­work­ing ses­sion at the Malta Cham­ber.

The event was also the back­drop to the sign­ing of a Mem­o­ran­dum of Un­der­stand­ing be­tween the Malta Cham­ber and its In­dian equiv­a­lent, the As­so­ci­ated Cham­bers of Com­merce and In­dus­try of In­dia.

Far­ru­gia signed on be­half of the Malta Cham­ber while Pa­van Abra­ham, chair ASSOCHAM North Amer­ica Chap­ter coun­ter­signed the MoU, which sets out grounds for fur­ther col­lab­o­ra­tion be­tween the two or­gan­i­sa­tions.

The fo­rum was also ad­dressed by Marie-Louise Coleiro Preca, Pres­i­dent of Malta; Carmelo Abela, Min­is­ter for For­eign Af­fairs and Trade Pro­mo­tion; Shri M. Venka­iah Naidu, vice-pres­i­dent of the Repub­lic of In­dia and Shri Shiv Pratap Shukla, Min­is­ter of State of Fi­nance.

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