Egypt & Piyush Goyal

Egypt: Egypt's industry minister held bilateral talks with India, discussing cooperation in sectors like agriculture, energy, and pharmaceuticals.

Piyush Goyal: As Union Minister of Commerce and Industry, Goyal chaired the meeting and highlighted progress under India's Chairship. He also held bilateral talks with counterparts from Brazil, Egypt, and South Africa, strengthening India's trade ties.

Egypt: Participated in the meeting, strengthening its trade relations with the UAE.

Piyush Goyal: Met with Al Zeyoudi to review India-UAE CEPA progress, enhancing bilateral trade cooperation.

Egypt: Egypt, as a newer BRICS member, could gain from reduced payment costs and increased trade settlement in local currencies.

Piyush Goyal: India's Trade Minister expressed preference for national currency settlements over a common BRICS currency, aligning with the current initiative.