India and Kuwait eye closer cooperation in trade & investment, technology


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India and Kuwait eye closer cooperation in trade & investment, technology
The 6th round of India-Kuwait Foreign Office Consultations (FOC) was held in Kuwait on July 24, 2024.
Both sides have also discussed deepening their energy cooperation
Undertaking a comprehensive review of their bilateral relationship at the 6th round of India-Kuwait Foreign Office Consultations (FOC) held on July 24, 2024, both sides agreed to strengthen cooperation in areas like trade and investment in addition to health and education. 

The two sides also exchanged views on regional and international issues of mutual interest, the Ministry of External Affairs (MEA) said.

"Expressing satisfaction with the traditionally strong bilateral ties, both sides agreed to strengthen cooperation in various areas, including political ties, regular high-level exchanges, trade and investment, education, technology, health, culture and people to people contacts," the MEA stated.

The Indian delegation for the FOC, held in Kuwait, was led by Aseem R. Mahajan, Joint Secretary (Gulf) (JS), Ministry of External Affairs. Ambassador Sameeh Essa Johar Hayat, Assistant Foreign Minister for Asia Affairs of Kuwait (AFM), headed the Kuwaiti delegation.

While in Kuwait, Mahajan called on Sheikh Jarrah Jaber Al-Ahmad Al-Sabah, Deputy Minister of Foreign Affairs. At the meeting, they discussed avenues and new initiatives to deepen the India-Kuwait partnership.

Earlier, on July 23, 2024, he met Ziyad Al-Najem, Undersecretary, Ministry of Commerce. According to the MEA, they discussed ways to further strengthen bilateral trade and investment cooperation including further boosting bilateral trade, diversifying the trade basket, deepening energy cooperation and new initiatives in technology and Fintech. 

In his meeting with Tahani Rashid Al-Naseer, Assistant Foreign Minister (Legal), MOFA, discussions pertained for early finalization of ongoing negotiations of various agreements and MoUs.

The timely convening of the FOC in continuation of the previous FOC in May, 2023 is expected to impart further momentum in bilateral relations, the MEA said. It was agreed to hold the next FoC in New Delhi at a mutually convenient time.
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