Bi­lat­eral agree­ments and MoUs

Assocham Bulletin - - INTERNATIONAL RELATIONS -

In­dia was amongst the first coun­tries to es­tab­lish diplo­matic re­la­tions with the Eu­ro­pean Eco­nomic Com­mu­nity. Over the years, In­dia and the EU have signed a num­ber of bi­lat­eral agree­ments and MoUs.

The to­tal ex­ports to the

Eu­ro­pean Union coun­tries was US$ 303,526.16mil­lion in 201718 and the to­tal im­ports from the Eu­ro­pean Union coun­tries was US$ 465,580.99mil­lion in 2017-18.

ASSOCHAM played a ma­jor role in strength­en­ing the trade re­la­tions be­tween the two coun­tries.

ASSOCHAM regis­tered its pres­ence through a se­ries of events in dif­fer­ent parts of Eu­rope to main­tain the cor­dial trade re­la­tions and also to tap the po­ten­tial mar­kets for In­di­ans.

The Prime Min­is­ter of Nether­lands, H.E. Mr. Mark Rutte, launched the ASSOCHAM book ti­tled

ASSOCHAM was a part of the high level busi­ness del­e­ga­tion led by the Hon'ble Pres­i­dent of In­dia, Mr. Ram Nath Kovind along with the Min­is­ter of State for Agri­cul­ture and Farmer's Wel­fare and Pan­chaya ti Raj,Mr. Pu­rushot­tam Ru­pala , Hon'ble mem­bers of Par­lia­ment and se­nior Gov­ern­ment of­fi­cials to Bul­garia and Czech Repub­lic from 3rd - 8th Septem­ber, 2018. "Hol­lan­dandIn­dia: In­vest­ment & Trade Op­por­tu­ni­ties" ear­lier this year.

Sev­eral MoUs in the fields of en­ergy, en­vi­ron­ment, tourism, trade and in­vest­ment, fi­nan­cial ser­vices and de­fence pro­duc­tion, etc. were signed dur­ing the visit. Dur­ing the visit, sev­eral meet­ings were or­ga­nized in these coun­tries jointly in as­so­ci­a­tion with the lead­ing Cham­bers ofCom­merce and In­dus­try of Bul­garia & Czech Repub­lic.

The . MoUs will help ASSOCHAM mem­bers to main­tain the ex­ist­ing trade re­la­tions with Bul­garia and Czech Repub­lic and will also help in find­ing out new op­por­tu­ni­ties in dif­fer­ent sec­tors so that the trade re­la­tion is more strength­ened.

Fol­lowed by the visit of the Pres­i­dent of In­dia, there was the visit of Hon'ble Vice Pres­i­dent of In­dia, Mr. Venka­iah Naidu ac­com­pa­nied by Mr. Shiv Pratap Shukla, Min­is­ter of State of Fi­nance, Mem­bers of Par­lia­ment from Lok Sabha and Ra­jyaSabha and other of­fi­cials.

High level of­fi­cials and busi­ness del­e­ga­tion to Ser­bia, Malta and Ro­ma­nia from 14th - 20th Septem­ber, 2018. ASSOCHAM mem­bers were also a part of this del­e­ga­tion un­der the leadership of Mr. Pa­van Abra­ham, Chair­man, ASSOCHAM- North Amer­ica Chap­ter.

Dur­ing the Ser­bia visit, in the pres­ence of Hon'ble Vice Pres­i­dent of In­dia, the Pres­i­dent of Ser­bia ad­dressed the Busi­ness Fo­rum. In Malta visit was char­ac­ter­ized by cor­dial dis­cus­sions with Hon'ble Pres­i­dent of The Repub­lic of Malta, Min­is­ter for For­eign Af­fairs and Trade Pro­mo­tion of Repub­lic of Malta.

In Ro­ma­nia visit, there was . cor­dial dis­cus­sion with Pres­i­dent of the Senate, Deputy Prime-Min­is­ter for Ro­ma­nia, Min­is­ter of Busi­ness En­vi­ron­ment, Com­merce and En­trepreneur­ship. The visit helped in deep­en­ing bi­lat­eral ties with each of these three coun­tries.

ASSOCHAMalso signed three MoUswith The Malta Cham­ber of Com­merce, En­ter­prise and In­dus­try, Malta, Bucharest Cham­ber of Com­merce and In­dus­try, Ro­ma­nia and Cham­ber of Com­merce and In­dus­try Pra­hova, Ro­ma­nia re­spec­tively which was cov­ered in the lo­cal me­dia.

The MOUS shall pave the way for more busi­nesses to flour­ish in Ser­bia, Malta and Ro­ma­ni­ain dif­fer­ent sec­tors and deep­en­ing the trade re­la­tions among all these coun­tries.

Tak­ing the trade re­la­tion to a higher level, ASSOCHAM par­tic­i­pated in "El­tech In­ter­na­tional Ex­hi­bi­tion of Elec­tron­ics & Elec­tri­cal Engi­neer­ing" in Plov­div, Bul­garia from 24th - 29th Septem­ber, 2018.

Ms. Pooja Ka­pur, Am­bas­sador of In­dia to Bul­garia in­au­gu­rated the In­dia pav­il­ion on 24th

Septem­ber, 2018.

The event show­cased prod­ucts like ca­bles, com­mu­ni­ca­tion engi­neer­ing, com­puter and com­mu­ni­ca­tion tech­nol­ogy, data com­mu­ni­ca­tions, elec­tri­cal com­po­nents and ac­ces­sories, elec­tronic engi­neer­ing, hi-tech prod­ucts and new tech­niques, in­dus­trial equip­ment and ac­ces­sories, in­stal­la­tion and con­trol equip­ment etc. in the Elec­tron­ics & Elec­tri­cal Goods,

Tele­comProd­ucts & Equip­ment in­dus­tries.

ASSOCHAM mo­bi­lized 46 In­dian com­pa­nies un­der the Mar­ket Ac­cess Ini­tia­tive (MAl) scheme, who show­cased their prod­ucts with an ob­jec­tive to iden­tify po­ten­tial buy­ers and busi­ness part­ners to en­hance their ex­ports and de­velop new con­tacts.

On the side­lines of the Ex­hi­bi­tion, a Busi­ness Fo­rum was or­ga­nized with The In­dian - Bul­gar­ian Busi­ness

Cham­ber (IBBC), to sen­si­tize In­dian com­pa­nies about the mar­ket op­por­tu­ni­ties of­fered by Bul­garia and var­i­ous in­cen­tives that the In­dian com­pa­nies can avail.

The Fo­rum was chaired by the In­dian Am­bas­sador to Bul­garia, H.E. Ms. Pooja Ka­pur, Chair­man, In­dian - Bul­gar­ian Busi­ness Cham­ber, Mr. Borislav Boy­anov and Di­rec­tor & Head - In­ter­na­tional Af­fairs, ASSOCHAM, Ms. Deepti Pant.

Dur­ing the Fo­rum, an MoDwas signed be­tween ASSOCHAM and The In­dian - Bul­gar­ian Busi­ness Cham­ber for fur­ther strength­en­ing the bi­lat­eral re­la­tions. The Fo­rum was well at­tended by the In­dian and Bul­gar­ian busi­nesses.

Prime Min­is­ter of Nether­lands, H.E. Mr. Mark Rutte (mid­dle) re­leas­ing the ASSOCHAM book ti­tled "Hol­land and In­dia: In­vest­ment & Trade Op­por­tu­ni­ties" with the Dutch Am­bas­sador to In­dia, H.E. Mr. Alphon­sus Stoelinga (left) & Chair­man, ASSOCHAM, Eu­rope (Nether­lands) Chap­ter, Dr. Vikas Chaturvedi (right)

WIP del­e­ga­tion led by the Hon'ble Pres­i­dent of In­dia, Mr. Ram Nath Kovind to Bul­garia

WIP del­e­ga­tion led by the Hon'ble Vice Pres­i­dent of In­dia, Mr. M. Venka­iah Naidu to Ser­bia

WIP del­e­ga­tion led by the Hon'ble Pres­i­dent of In­dia, Mr. Ram Nath Kovind to Czech Repub­lic

Mr. Pa­van Abra­ham (sec­ond from left), Chair­man, North Amer­ica Chap­ter, The As­so­ci­ated Cham­bers of Com­merce and In­dus­try of In­dia sign­ing MoU with Mr. Sorin Dim­itriu (sec­ond from right), Pres­i­dent, Bucharest Cham­ber of Com­merce and In­dus­try

Mr. Pa­van Abra­ham (sit­ting left), ASSOCHAM In­ter­na­tional Busi­ness Coun­cil (North Amer­ica) sign­ing MoU with Mr. Frank V. Far­ru­gia (sit­ting right), Pres­i­dent, The Malta Cham­ber of Com­merce, En­ter­prise and In­dus­try

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