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02.03.2009 Business & Finance

AGI, India Export Promotion Council sign agreement


The Association of Ghana Industries (AGI) and Engineering Export Promotion Council, India (EEPC India) at the week-end signed a co-operation agreement to promote development of business opportunities between Ghana and India.

Under the agreement signed in Accra, AGI and EEPC India agreed to promote trade and investment relations between the two countries.

Nana Owusu-Afari, AGI Vice President and Mr Romchomdrom Sheshagiri, leader of EEPC delegation, signed the agreement.

The two organizations pledged to assist in the organisation of trade and market research missions, conferences, symposia and other methods of trade promotional activity in each other's country.

They also agreed to create and maintain continuous mutual exchange of information about economic developments and other matters affecting the business interest of members.

The deal also specifies visits of officials of both organisations from time to time to foster co-operation for improved business relations and rendering of better services to their respective members.

Nana Owusu-Afari said the cooperation would help Ghanaian industries to learn from India and also provide a win-win situation for both parties.

He called on India to explore joint venture opportunities with their Ghanaian counterparts and said Ghana was a major hub to reach the over 250 million people in the West Africa Sub-Region.

Mr Sheshagiri said trade with Ghana was on the increase and the agreement should form the basis for improving on the terms of trade between the two countries.

He asked for the database of AGI members to facilitate the relationship between the two countries.