Forming Egyptian - Indian works council

The first Egyptian - Indian joint works' council is to be formed to serve businessmen and advance trade movement between the two countries.

The Indian ambassador in Cairo, Shief Shankar Makarji, said the council, in its first meeting at the end of the coming month, will raise up a report that covers the trade and investment opportunities.

Both sides have presented an offer to establish free trade zones on the coast of Red Sea in Egypt, to distribute Indian goods in the Arab states and north Africa. Moreover, the Indian ambassador said that the volume of trade between Egypt and India amounts to $500 million annually.