India and Slovenia Strengthen Economic Ties at 10th JCTEC Meeting
India and Slovenia reaffirmed their commitment to expanding economic engagement as senior officials from both countries convened the 10th meeting of the Joint Committee on Trade and Economic Cooperation (JCTEC) on Wednesday. The session served as an important platform to review bilateral trade performance and identify new avenues for partnership across emerging and traditional sectors.
The meeting was co-chaired by Saket Kumar, Joint Secretary in India’s Ministry of Commerce and Industry, and Peter Japelj, Director General for Economic, Cultural and Scientific Diplomacy at Slovenia’s Ministry of Foreign and European Affairs. Delegations from both sides held detailed discussions aimed at strengthening policy coordination and facilitating smoother trade flows.
Reviewing Bilateral Trade
Officials assessed the current trajectory of India–Slovenia trade, noting consistent growth in recent years and the rising interest of businesses on both sides. The review covered existing trade patterns, sectoral strengths, and opportunities for diversification. Both delegations stressed the importance of reducing procedural hurdles, enhancing logistics connectivity, and encouraging greater business-to-business linkages.
Exploring New Areas of Cooperation
Beyond traditional trade sectors, the two sides explored new and emerging areas of collaboration, including:
- Technology and Innovation
- Green and Circular Economy solutions
- Pharmaceuticals and Life Sciences
- Information Technology and Digital Services
- Advanced Manufacturing and Engineering
India and Slovenia also highlighted opportunities for cooperation in start-up ecosystems, research partnerships, and industrial collaboration, aligning with global economic shifts and the strengths of both economies.
Strengthening Institutional Frameworks
The meeting emphasised the need to strengthen institutional mechanisms that support trade and investment. Both sides agreed to facilitate regular engagement between chambers of commerce, promotional agencies, and business councils to sustain momentum.
The co-chairs also underlined the importance of predictable regulatory environments and continued dialogue to address market-access issues, ensuring a stable foundation for long-term commercial partnerships.
Forward-Looking Partnership
India and Slovenia expressed optimism about expanding cooperation in the coming years, noting the complementarity between the two economies and shared commitment to innovation-driven growth. The successful conclusion of the 10th JCTEC meeting marks an important step in advancing a forward-looking, resilient, and mutually beneficial economic partnership.
Both sides agreed to maintain close coordination and continue efforts to deepen economic ties ahead of the next JCTEC session.
