Union Minister Piyush Goel calls for deepening of economic ties with Kyrgyzstan

Tags: International News

Union Minister for Commerce and Industry Piyush Goel called for boosting bilateral trade and deepening cultural relations between India and Kyrgyzstan .He was speaking at the 10th Session of the India-Kyrgyz Republic Inter-Governmental Commission on Trade, Economic, Scientific and Technological Cooperation (IKIGC).

The 10th session of IKIGC was held in a virtual format. It was co-Chaired by Piyush Goyal and  Imanov Talantbek Oruskulovich, Minister of Digital Development of the Kyrgyz Republic. 

Both sides discussed mutual cooperation and steps to further enhance them in the fields of Trade & Economy, Development Partnership, Investment, Digitalization, Intellectual Property, Agriculture, Healthcare & Pharmaceuticals, Textiles, Education, Environment, Standardization & Metrology, Banking, Transport, Labour, Mining and Power sectors. Emphasis was given to increase the bilateral trade and investment opportunities.he sides agreed to take necessary measures to increase the interaction of exporters and importers of the two countries and expand the trading basket.  

India- Kyrgyzstan relations 

Kyrgyzstan which was part of the Soviet Union declared its Independence on 31 August 1991 and India was one of the first countries to establish diplomatic relations on 18 March 1992.

The India- Kyrgyz Republic Inter Governmental Commission on Trade, Economic, Scientific and Technological Cooperation was set up in 1992. 

According to the Ministry of External Affairs the bilateral trade between India and Kyrgyz Republic in 2017-18 was about USD 59.53 million. India’s exports to Kyrgyzstan was USD 28.59 million and imports were at USD 30.94 million.

India and Kyrgyzstan conduct an annual military exercise’ Khanjar’,where the special forces of both the countries take part. The 9th  Khanjar exercise 2022 was held at Bakloh, Himachal Pradesh in March-April 2022 .

Kyrgyzstan 

It is an Central Asian country 

Capital : Bishkek

Currency :Kyrgyzstan som

President :Sadyr Japarov