A Memorandum of Understanding was signed today by the Chamber of Commerce of Abkhazia and All-India Chamber of Commerce. The All-India Chamber of Commerce is one of the most influential business-associations of the country.

According to the signed Memorandum, the parties will promote trade- and business-relations between companies in India and Abkhazia, share information on important economic and trade-issues, assist companies in entering the markets of the other country, facilitate the exchange of trade-missions, and cooperate in the field of market-exhibition activities.

"We are ready to cooperate with the Chamber of Commerce of the Republic of Abkhazia, to assist in the development of entrepreneurial activity between Abkhazia and India," said General Director of the All-India Chamber of Commerce Yatish Kumar Goel.

In turn, Gennady Gaguliya said that the Chamber of Commerce of the Republic of Abkhazia is ready to lobby commercial proposals among business-circles Abkhazia wishing to establish trade- and economic ties with India. We recall that, with the aim of establishing cooperation with India, in June the Chamber of Commerce of the Republic of Abkhazia signed a Memorandum of Understanding with the Association of Chambers of Commerce of India.