India, Belarus sign a deal to enhance trade ties
India and Belarus signed a deal to enhance the trade ties during the sixth session of the Inter-Governmental Commission.
Sectors to be focused in deal between India and Belarus:
The major focus will be on the following sectors i.e. Trade, Economic, Scientific, Technological and Cultural Cooperation.
- Also sectors like pharmaceutical, fertilizers, information technology and research and development will offer tremendous potential for cooperation between India and Belarus.
- India is looking for long term contracts for supply of potash to meet its growing requirements as far as fertilizer sector is concerned and Indian companies can look for setting up joint ventures in Belarus for production of potash based fertilizers.
- MoU will also be signed between the Ministry of Textiles, India and the Belarusian State Concern for Manufacturing and Marketing of Light Industry Goods in the Field of Textiles, Clothing and Fashion Industries.
Categories: International Current Affairs 2017