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πŸ“° News ⏱ 2 min
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Key Points

5 points
1

Target trade amount: $30 B by 2030.

2

Current trade amount: $15.07 B in 2025‑26.

3

Focus sectors: medicines, chemicals, engineering goods, agriculture.

4

New rules for faster product checks and shared electronic certificates.

5

Cooperation in global groups: Group of Five Emerging Economies, Group of Twenty Nations, World Trade Organization.

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Summary

They set a goal to reach thirty billion US dollars in trade by 2030.

They want to trade more medicines, chemicals, machines and farm products.

They also plan to make it easier for small companies to sell across borders.

Both countries will work together in big world groups like the Group of Five Emerging Economies and the Group of Twenty Nations.

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New Words to Learn

7 words
bilateral
between two countries
pharmaceuticals
medicine products
engineering goods
machines and tools made by engineers
phytosanitary
rules that keep plants safe from pests
preferential trade agreement
special deal that makes buying and selling easier
multilateral
involving many countries together
certificate of origin
paper that shows where a product was made
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