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Reading: Trade between India-Panama heading towards 50 bn: EAM
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Rising Kashmir > Blog > Breaking > Trade between India-Panama heading towards 50 bn: EAM
Breaking

Trade between India-Panama heading towards 50 bn: EAM

ANI
Last updated: April 25, 2023 10:51 am
ANI
Published: April 25, 2023
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External Affairs Minister S Jaishankar and Panama Foreign Minister Janaina Tewaney held a joint press conference on Monday after holding discussions on several bilateral issues related to health and trade.

Addressing the joint briefing, EAM Jaishankar said India and Panama discussed what can be done to expand the cooperation and how Indian Pharmaceuticals can be brought to Panama. “In the last three years, Indian pharmacy has made a change in the world. In covid we supplied vaccines, and we exported medicines to most of the developed world,” Jaishankar said.

“Covid has taught us not to be dependent on very limited centres of production, on supply chains that can be disrupted so it is very important that there are more regional capacities, it is particularly important in health. It is not just trading, as research goes into it, we discussed how we can bring Indian pharmaceuticals to India,” the EAM added.

Jaishankar said further that India sees Latin America as a region that is not too far as the trade is heading towards 50 billion dollars.

“Our companies are doing big projects in Latin America, we have large operations of Indian companies, we have daily exchanges, we have a capacity building and we have a diaspora here,” the EAM added.

Speaking on the bilateral ties between India and Panama, Jaishankar, “It is a great pleasure to be in Panama as politically India and Panama have been strong close friends traditionally.

“We share attributes of democracies, markets, economy and pluralistic societies,” he said.

“Our world outlook is also very similar, as we are part of large south-south cooperation there is a very good base of understanding and friendship,” he added.

Speaking at the meeting held earlier, Jaishankar informed that most talks were devoted to how to deepen the India-Panama friendship and how to expand the cooperation in trade, investment, possibilities of exploring a logistics hub in Panama for Indian companies, challenges of affordable health, energy, renewables etc.”

Jaishankar also said he was very appreciative of the care taken of the Indian community in Panama.

External Affairs Minister S Jaishankar on Monday arrived in Panama City for a two-day visit.

Jaishankar was received by Panama’s Vice Minister for Foreign Affairs Vladimir Francos.

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