Goyal calls for enhancing bilateral trade between India and Kyrgyzstan

Commerce and Industry Minister Piyush Goyal called for enhancing bilateral trade between India and Kyrgyzstan.

He was addressing the 10th Session of the India-Kyrgyz Republic Inter-Governmental Commission on Trade, Economic, Scientific and Technological Cooperation.

Goyal said immense potential exists for expansion of bilateral trade between India and Kyrgyzstan.

Both sides discussed mutual cooperation in areas such as investment, digitalisation, intellectual property, agriculture, health care and pharmaceuticals, textiles, education, environment, standardisation and metrology, banking, transport, labour, mining and power sectors.

India-Kyrgyzstan relations

• Historically, India has had close contacts with Central Asia, especially countries which were part of the ancient Silk Route, including Kyrgyzstan. 

• During the Soviet era, India and Kyrgyzstan had limited political, economic and cultural contacts. After the independence of Kyrgyzstan on August 31, 1991, India was among the first countries to establish diplomatic relations on March 18, 1992.

• The year 2022 marks the 30th anniversary of establishment of diplomatic relations between the two nations.

• Since the establishment of diplomatic relations in 1992, the two countries have signed several framework agreements, including on culture, trade and economic cooperation, civil aviation, investment promotion and protection, avoidance of double taxation, consular convention, etc.

• India and Kyrgyzstan established a Strategic Partnership in 2015.

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

• A five year roadmap to enhance trade and investments was signed between India and the Kyrgyz Republic in June 2019.

• Bilateral cooperation between the two countries has steadily increased in recent years. Agreement on defence cooperation, signed in July 2015, has been an important milestone that has laid the framework for defence cooperation between the two sides.

• Joint Special Forces Exercise KHANJAR has now become an annual affair.

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