India’s Piyush Goyal and Saudi Arabia’s Majid bin Abdullah Al Qassabi met virtually to discuss the West Asia situation. Both ministers stressed the importance of maintaining supply chain continuity and reaffirmed their commitment to bilateral trade.
Union Commerce and Industry Minister Piyush Goyal held a virtual meeting with Saudi Arabia’s Commerce Minister Majid bin Abdullah Al Qassabi to review the evolving situation in West Asia, with both sides stressing the importance of maintaining supply chain continuity amid ongoing regional tensions.
According to an official statement, the ministers “took stock of the evolving situation in West Asia and reiterated the primacy of supply chain continuity,” as the region deals with disruptions caused by the conflict.
India Expresses Hope for Peace, Hails Saudi Resilience
During the call, Goyal expressed hope that “the recently announced ceasefire would pave the way to lasting peace and security in the region.”
He also acknowledged Saudi Arabia’s resilience, saying he “hailed [the] indomitable spirit of Saudi people who have been steadfast in their resolve to maintain supply chain resilience amidst increased disruptions and volatility.”
The minister further “condemned attacks in the country during the ongoing conflict and appreciated Saudi Arabia’s efforts to protect Indian community,” highlighting India’s concern for its citizens in the region.
Acknowledging Strain on Trade Flows
Both leaders noted that the conflict has impacted trade flows, with the statement saying they “noted the strain conflict has put on regional supply chains and stressed the need for an early recovery through coordinated efforts to ensure smooth trade flows.”
Commitment to Bilateral Trade and Future Cooperation
Goyal also underlined India’s proactive steps, “highlight[ing] India’s steps to support exports to KSA and the Gulf region,” as part of efforts to stabilise trade during the crisis.
Importantly, the two sides reaffirmed their long-term economic engagement, stating their “commitment to strengthening bilateral trade” and expressing “optimism for early progress in the India-GCC FTA negotiations.”
The meeting “underscored the shared commitment to further deepening the India-Saudi Arabia economic partnership,” even as both countries navigate the challenges posed by the ongoing geopolitical situation in West Asia.
(ANI)
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