Bilateral trade: India and Egypt set to finalise economic cooperation agreement

India and Egypt have set up a group to finalise an economic cooperation agreement that will include free trade in goods and services, reported the Peninsula.

India's Commerce Minister Kamal Nath said there is enormous potential for cooperation, not only bilaterally but also in third countries. Top Indian companies like Essar, Reliance and the Tata group are planning huge investments in Egypt worth an estimated $20bn in areas ranging from oil and gas to plastics and fertilisers.

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