May 23, 2017
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Bilateral trade cooperation to deepen through joint committees and talks on a preferential trade agreement and sectoral engagement.
High-level delegations concluded institutionalised mechanisms to strengthen commercial relations: co-chairing of joint trade committees, commitment to deepen cooperation between investment promotion agencies for exchange of business opportunities, and initiation of sectoral cooperation. Ecuador signalled interest to commence negotiations for a Preferential Trade Agreement. India and Colombia identified priority sectors for joint engagement-spanning telecommunications, infrastructure, metals, hydrocarbons, IT and industrial technology, pharmaceuticals, chemicals, textiles, automobiles, mining, machinery and non-conventional energy-and urged businesses to exploit trade complementarities.