Shri Kamal Nath, Commerce & Industry Minister, while responding to a request from Swaziland for capacity building for SMEs (small & medium enterprises) assured that an expert delegation could be sent for exploring the modalities.
This was stated by Shri Kamal Nath when Mr. Lutfo E. Dlamiai, Minister of Enterprise and Employment of Swaziland, called on him here last evening.
While referring to a Framework Agreement on Economic Cooperation between India and South African Customs Union (SACU), Shri Kamal Nath sought the assistance of Swaziland for its early finalisation and signing of the Agreement paving the way for expansion of flow of two-way trade.
The Indian Commerce Minister informed that India and SACU have agreed in principle to move forward with negotiations for a Preferential Trade Agreement (PTA) and hoped that PTA would help provide market access to both the sides facilitating growth of trade between India and SACU.
Expressing satisfaction over the bilateral trade between India and Swaziland which has increased almost 5-fold during the last 5 years achieving a level of US $ 66.04 million, Shri Kamal Nath observed that it does not reflect the true potential which exists and can be further exploited to mutual advantage.
Shri Kamal Nath mentioned about the rapid strides made by India in the knowledge sector and stated that Indian expertise can be utilised by Swaziland in sectors like IT, agro & food processing, SMEs development, infrastructure & human resource development.
Press Information Bureau Government of India
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