India, Italy Sign JCEC Protocol for Economic Cooperation

• India and Italy signed the Joint Commission for Economic Cooperation (JCEC) protocol to strengthen their economic partnership.
• The protocol was signed by India's Commerce Minister Piyush Goyal and Italy's Deputy PM Antonio Tajani in Mumbai.
• The agreement aims to expand trade, boost investments, and enhance industrial collaborations, with industry agreements also signed.
• Both nations are committed to an India-EU FTA and implementing a Joint Strategic Action Plan across trade, investment, and innovation.
• Key sectors for collaboration include auto components, textiles, defence, space, and agri-foods, with Italy aiming for increased investment and exports.

Why It Matters: India-Italy economic pact strengthens trade, investment, and strategic ties.