India and Netherlands establish Joint Trade and Investment Committee

Key facts

• India and the Netherlands have set up a Joint Trade and Investment Committee (JTIC) to strengthen bilateral economic cooperation.
• An MoU was inked in this regard between the two countries.
• The JTIC will serve as a dedicated mechanism to review bilateral trade relations, promote two-way investments, address investment and trade barriers, and explore collaboration in sectors of mutual interest.
• Under the MoU, the JTIC will meet annually, alternately in India and the Netherlands.
• The JTIC will be co-chaired by the Additional Secretary, Department of Commerce, Ministry of Commerce and Industry and the Director General (Foreign Economic Relations), Ministry of Foreign Affairs, Netherlands.