Can India and Egypt Boost Trade from $5 Billion to $12 Billion?
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Synopsis
India and Egypt are embarking on an ambitious journey to elevate their bilateral trade from $5 billion to $12 billion, as disclosed by Egypt’s Ambassador to India, Kamel Zayed Kamel Galal. This collaboration promises not only to alleviate economic pressures but also to invigorate both nations' economies, highlighting a shared commitment to growth and prosperity.
Key Takeaways
- Current bilateral trade is around $5 billion.
- Goal to increase trade to $12 billion.
- Economic collaboration can provide new momentum.
- Strong potential for trade cooperation.
- Shared responsibility for regional peace and global progress.
New Delhi, Sep 17 (NationPress) Currently, the bilateral trade between India and Egypt is approximately $5 billion. However, both countries are striving to increase this figure to $12 billion, as stated by Kamel Zayed Kamel Galal, Egypt’s Ambassador to India, on Wednesday.
In a special conversation with IANS, he noted that this growth would not only alleviate economic challenges but also provide renewed energy to both economies.
“The current bilateral trade is around $5 billion, and we are working collaboratively with the aim of reaching $12 billion,” the ambassador mentioned to IANS.
“This growth will not only relieve economic pressures but also inject new vitality into both economies,” Galal added.
The ambassador pointed out the vast potential for trade collaboration between the two nations, emphasizing that the prospects for growth are substantial.
“The opportunities are vast, and we are dedicated to enhancing these economic connections,” he expressed.
He highlighted that India and Egypt are two ancient civilizations with profound cultural ties, while also being modern nations that play significant roles in the global arena.
Collectively, he asserted, both countries share the duty of contributing to regional stability and world advancement.
“Our two nations embody ancient civilizations with rich legacies and profound cultural links. Together, as two esteemed civilizations, we bear the responsibility of fostering regional peace and global progress,” he stated.
Wishing Prime Minister Narendra Modi the best on his 75th birthday, Galal described him as one of today’s truly exceptional leaders.
He commended India’s advancing stature under Modi’s leadership, noting that the nation has solidified its place as a global power.
“India has consistently been a credible and respected voice in international matters. Today, it stands as a crucial global and regional player,” the ambassador remarked.
He further emphasized that although global challenges remain, they also present opportunities that can transform into avenues for stability and prosperity.
By collaborating, Galal stated, India and Egypt can spur economic growth, empower individuals, and construct a brighter and more prosperous future.
Point of View
It is imperative to recognize the significance of enhancing trade relations between India and Egypt. This collaboration represents a strategic move that benefits both nations economically while fostering cultural ties. It is crucial for national interests to align with global partnerships, ensuring stability and prosperity.
NationPress
20/09/2025
Frequently Asked Questions
What is the current trade between India and Egypt?
The current bilateral trade between India and Egypt is approximately $5 billion.
What is the target trade figure set by both nations?
Both nations aim to increase bilateral trade to $12 billion.
Who is the Egyptian Ambassador to India?
The Egyptian Ambassador to India is Kamel Zayed Kamel Galal.
How will the trade expansion benefit both countries?
The expansion will alleviate economic pressures and inject new momentum into both economies.
What cultural significance do India and Egypt share?
India and Egypt are two ancient civilizations with deep cultural ties.
