The Italian Almanac
Italian News - September 3
Bilateral trade between India and Italy is likely to cross $5 billion this year, up from over $4 billion last year, commerce and industry minister, Mr Kamal Nath, indicated at a meeting with his Italian counterpart, Mr Claudio Scajola, minister for productive activities.
There was need to develop bilateral trade, which showed the advantages of complementarity in a globalising world, Mr Kamal Nath said soon after his arrival in Rome yesterday. Giving due importance to the meeting Mr Scajola returned early from vacation to get acquainted with Mr Kamal Nath and have a substantive exchange of views.
The discussions at the meeting focused on bilateral issues, the WTO and issues of wider interest to both the countries. Special mention was made of expanding the commercial relationship to include new joint ventures, technical collaborations and investment.
Mr Scajola said he viewed cooperation with India as a strategic partnership where both countries could jointly work together to expand their economic development and seek avenues all over the world. The sectors specifically discussed included design, agro-processing, granite and marble, infrastructure, textiles and marine products.