Indian Economy News

India, Netherlands set up a joint trade, investment committee

According to the report, a trade and investment council has been set up in India and the Netherlands by their governments for the purpose of strengthening their economies through trade and investment cooperation. The Council is a way for both countries to discuss and agree on trade and investment issues, promote foreign direct investment into both economies, and address mutual areas of economic interest. Furthermore, both countries hope that this Council's establishment will lead to more direct business-to-business relationships between the two countries, while addressing specific challenges related to accessing markets and establishing new 
The establishment of this joint committee indicates an increasing level of cooperative economic partnership between the Governments of India and the Netherlands because of their mutual interest in increasing cooperation across selected core sectors. Through this platform, it is expected that both countries will be able to grow their respective trade programs with each other, enhance their respective investment flows into each other's countries, and create opportunities for cooperation within recently identified mutual areas of interest. The creation of this joint committee also supports India’s overall desire to increase its respective economic relationships with European Union (EU) member countries, as well as developing a broader range of trading partners through diversifying current trading relationships. This joint committee will therefore allow for greater ease and efficiency in facilitating trade, increasing pathways for investment between the two countries, and ultimately achieving continued economic growth and development within the bilateral relationship.

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