After the joint commission meeting that Krishna will co-chair with his Egyptian counterpart Ahmed Aboul Gheit, the two sides are likely to sign four agreements, including one on avoidance of double taxation.
India and Egypt are expected to sign a slew of pacts to further strengthen their close ties, particularly in the field of trade and business, when external affairs minister SM Krishna visits Cairo in September.
After the joint commission meeting that Krishna will co-chair with his Egyptian counterpart Ahmed Aboul Gheit, the two sides are likely to sign four agreements, including one on avoidance of double taxation.
The other agreements would be in the field of maritime transportation, on a programme for cultural, educational and scientific cooperation for 2010-12 and another on promotion of tourism.
Besides the agreements, the two countries would sign several memoranda of understanding for cooperation in the fields of renewable energy, social development, insurance and re-insurance, environment protection, agriculture and strengthening ties with the Egyptian Supreme Council of Antiquities.
Briefing reporters on the occasion of 58th anniversary of the July Revolution, which had turned the country into a republic, Egypt's ambassador to India Mohammad Higazy told reporters that the two sides are taking steps to boost trade by reaching a framework agreement on economic cooperation.
India and Egypt have begun discussions for a pact which will be modelled on the Comprehensive Economic Cooperation Agreement New Delhi had reached with Singapore, he said.
Trade between the two countries was pegged at 2.8 billion dollars in 2009, down by about 700 million dollars from the previous year.
Higazy attributed the slide to the financial meltdown and hoped that bilateral trade would top five billion dollars in the next couple of years.
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