India, Guatemala agree to promote trade, economic relations

India and Guatemala have agreed to promote trade and economic relations and called upon the private sectors to explore and take advantage of the pro-business climate existing in both countries. The economic relations between the two nations were discussed as Vice President M Venkaiah Naidu met his Guatemalan counterpart Jafeth Cabrera here 07 May 2018. This the first ever visit of an Indian Vice President to the Republic of Guatemala.

During the meeting, the two leaders reviewed the main issues of the bilateral relations and agreed to explore and strengthen their cooperation linkages in different areas such as agriculture, culture, education, renewable energy, environment conservation, trade and investment.

The two sides agreed to promote trade and economic relations and called upon the private sectors to explore and take advantage of the pro-business climate existing in both countries, according to a statement issued by the Ministry of External Affairs in New Delhi. On the multilateral front, the subjects of UN Security Council expansion and reform, fight against terrorism and sustainable development were discussed.

The two sides agreed to implement proposals on solar energy technologies in Guatemala as the promote women empowerment through training in the use of renewable energy and hence promote use of clean energy. Naidu is accompanied by a high-level delegation including Members of Parliament representing different political parties. They visited the Guatemalan Parliament and had a meeting with the Speaker of the House during which they discussed issues of common interest including democracy and legislation, with the purpose of expanding the ties of friendship between Guatemala and India in the parliamentary ambit.

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