On Wednesday, External Affairs Minister Dr. S Jaishankar co-chaired the second India-Saudi Arabia Strategic Partnership Council Political, Security, Social and Cultural Committee meeting with his Saudi counterpart Prince Faisal bin Farhan Al Saud.
The External Affairs Minister said that our partnership is based on progress and focused on the future. In his opening address, the External Affairs Minister said that Saudi Arabia’s Vision 2030 and Developed India 2047 are complementary to create new partnerships for our industries.
Delighted to co-chair along with FM @FaisalbinFarhan of Saudi Arabia the 2nd Meeting of the Committee on Political, Security, Social and Cultural Cooperation #PSSC under our Strategic Partnership Council in Delhi today.
Held productive discussions on our multi-faceted bilateral… pic.twitter.com/sylAuGi17I
— Dr. S. Jaishankar (@DrSJaishankar) November 13, 2024
Jaishankar thanked Saudi Arabia for ensuring the welfare and convenience of the 2.6 million population of the Indian community. He said that our security cooperation has also increased continuously. We are cooperating to combat terrorism, extremism, terrorism financing and drug trafficking.
The External Affairs Minister said on X that the meeting discussed our multifaceted bilateral relations, including defense partnership, security cooperation, trade and investment, culture, tourism and youth exchange and mutual contact between our people. During this, the two leaders also exchanged views on regional and international issues, especially the ongoing conflicts in West Asia and joint efforts on various multilateral forums.
However while speaking at the India-Russia Business Forum in Mumbai, Indian Minister of External Affairs Dr S Jaishankar said by 2030 India-Russia bilateral trade will cross USD 100 billion. He said, ‘Our bilateral trade is today at USD 66 billion. This makes the goal of reaching USD 100 billion by 2030 more than realistic. The balance of trade however needs redressal since it is so one-sided. It is imperative that non-tariff barriers and regulatory impediments are speedily addressed for this to happen. The India-Eurasian Economic Union trade-in goods negotiations commenced in March this year. We need to vigorously take it forward’.
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