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“The protocol envisages to strengthen and develop cooperation on commerce, providers, industrial applied sciences and varied different sectors by the use of technical help, coaching programmes and capability constructing,”the commerce and trade ministry mentioned in a press release.
The Union Cupboard had authorized the proposal for signing of the mentioned protocol for institution of Joint Financial and Commerce Committee (JETCO) in January.
The settlement, signed within the 25 years of firm of diplomatic relations between the 2 international locations, is a vital step to raise the present financial and business relations additional, in keeping with the assertion. The primary assembly of India-Dominican Republic JETCO is anticipated to be held quickly.
“It will likely be pivotal in mitigating challenges confronted by the commerce and trade and supply a platform for sharing of data and greatest practices between the 2 international locations,” the ministry mentioned.
India primarily imports gold from the Dominican Republic and exports prescription drugs, marine merchandise, motor automobiles, two and three wheelers.
