2023-01-25 10:36:37

India, Egypt to Promote Trade, Investment, Fight Terrorism

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U.S. News & World Report
By Associated Press

NEW DELHI (AP) India and Egypt agreed Wednesday to boost trade between their countries during a visit by the Egyptian president that underscores Prime Minister Narendra Modis efforts to fortify ties with other emerging economies.

Modi and President Abdel Fattah El-Sissi agreed on measures to increase two-way trade within five years to $12 billion. Trade totaled $7.3 billion in 2021-22. The two countries also signed agreements on expanding cooperation in cyber security, information technology, culture and broadcasting.

Modi and El-Sissi expressed concern over disruptions to food supplies and other critical resources due to the war in Ukraine. Modi sought Egypts cooperation in fighting cross-border terrorism, extremism, and cyber threats.

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