Goyal is here on a two-day visit. He is leading a 132-member business delegation. During his visit, he will meet business leaders and Egyptian leaders to discuss ways to boost bilateral trade and investments.
India has received only USD 11.5 million in foreign direct investment from Egypt between April 2000 and June 2026.
He also said that India has made trade the centre point of its economic agenda.
“We are opening the doors for greater competition with the world, opening the doors of markets across the world for preferential access for Indian goods and services, particularly with our friendly countries. Towards that end, we have expanded our free trade agreements to many more developed nations,” he added.
In the last five years, India implemented trade pacts with Mauritius, Australia, UAE, Oman, the EFTA bloc, New Zealand and the UK. A trade agreement with the EU will be signed next month.
Further, India is negotiating trade pacts with regions and countries, including Canada, Chile, the South Africa-led SACU group, Brazil-led Mercosur, and Russia-led EAEU bloc.
