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Source: The post is based on the article “How India’s renewed ties with Egypt can help its global standing” published in “The Indian Express” on 28th June 2023.
Syllabus: GS 2 – Bilateral, regional and global groupings and agreements involving India.
News: The renewed India-Egypt collaboration empowers both nations to expand economic and geopolitical influence.
Read more – India Egypt Relations – Recent Developments
How renewed India-Egypt ties help both nations economically?
The partnership between India, the fifth largest economy in the world, and Egypt, the second largest economy in Africa, provides a strong foundation for trade and manufacturing activities.
It provides a gateway for India to access African markets, particularly within the framework of the African Continental Free Trade Area.
By establishing Indian industrial zones in the Suez Canal region, Egypt’s position in global supply chains would be further strengthened. India can leverage its manufacturing capabilities and tap into the growing markets in Africa, across sectors like electric vehicles, pharmaceuticals, and electronics.
How renewed India-Egypt ties help both nations geopolitically?
Egypt’s proactive diplomacy with key African nations has solidified its standing as a significant player within the continent. India can build on Egypt’s expanding presence in Africa and elevate its own position on the global stage.
Both Egypt and India are emerging voices in the Global South. India has actively sought partnerships with like-minded nations within the G20 to establish a middle ground between the West, Russia, and China. Likewise, Egypt has positioned itself as a prominent advocate for the Global South, particularly in Africa, further strengthening its influence and international standing.
India can showcase its defense capabilities and support Egypt in developing its own defense industry. Egypt’s existing defense alliances with African nations make it a crucial gateway for India to expand its defense capabilities and access important markets, particularly in Africa.
