Both Sides reiterated the importance of the JCEC towards the development of bilateral economic and trade relations through facilitating dialogue and enhancing cooperation on a wide range of issues of mutual interest.
India’s bilateral trade with Italy during 2014-15, 2015-16 and 2016-17 was US$ 9.32 billion, US$ 8.28 billion and US$ 8.80 billion respectively. Bilateral trade during the last three years has remained stable despite global slowdown.
Besides the JCEC, Smt. Nirmala Sitharaman, also had bilateral meetings with Mr. Paolo Gentiloni, Prime Minister of Italy and Mr. Carlo Calenda, Minister for Economic Development, Government of Italy.