HomePoliticsS Jaishankar states that India-Panama trade is on track to reach $50...

S Jaishankar states that India-Panama trade is on track to reach $50 billion

External Affairs Minister S. Jaishankar and his Panamanian counterpart, Janaina Tewaney, held a joint press conference on Monday after conducting talks on various bilateral issues related to health and trade. EAM Jaishankar stated during the briefing that India and Panama had talked about measures to increase their collaboration and deliver Indian pharmaceuticals to Panama. In the health industry, he emphasised the value of regional capacities and the need to lessen reliance on finite manufacturing hubs and susceptible supply chains. Jaishankar emphasised that India regards Latin America as an area with considerable promise, where trade is expected to reach $50 billion and Indian companies are launching big projects.

Jaishankar highlighted the reciprocal qualities of democracies, markets, economies, and pluralistic societies in describing the close relationship between India and Panama. With comparable worldviews and participation in extensive south-south collaboration, he claimed that there is a strong foundation of mutual respect and goodwill between the two nations. The discussion topics included ways to improve ties between India and Panama, increase trade and investment, look at logistical centres for Indian businesses, and discuss problems with access to affordable health care, energy, and renewable energy sources.

Jaishankar came to Panama City for a two-day visit and conveyed his gratitude for the care given to the Indian community there. The Vice Minister of Foreign Affairs for Panama, Vladimir Francos, welcomed him. Jaishankar will go to Colombia after his visit to Panama, where he will meet with a number of influential figures from the government, business, and civil society. It would be the nation’s first visit at the level of the foreign minister. Alvaro Leyva Duran, Jaishankar’s counterpart from Colombia, and they will discuss the bilateral ties. Jaishankar will visit Colombia before travelling to the Dominican Republic.

The highest-level Indian visit to the Dominican Republic since diplomatic ties were established in 1999 was that of Jaishankar. The EAM is anticipated to meet with the political establishment of the nation, have a conversation with Foreign Minister Roberto Alvarez, and formally launch the Indian resident mission. Additionally, he is scheduled to speak at the Dominican Republic Foreign Ministry. According to the Ministry of External Affairs, the visit is evidence of India’s ongoing involvement with the Caribbean and Central American areas.

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