New Delhi: India on Thursday said the visa regime between New Delhi and Panama, a central American nation, needs to be liberalised to increase economic cooperation between the countries.
Minister of State for Commerce and Industry D Purandeswari, who was in Panama for India Show, said a general Memorandum of Understanding could be inked to increase trade and economic cooperation between the countries.
"She also emphasised that the visa regime between two countries should be liberalised," an official statement said.
Speaking during the inauguration of the India Show, she exhorted business leaders from both the sides to increase the trade and investments to the next level.
Purandeswari also asked Panama to conduct a road show in India soon and exchange of business delegations between the countries.
Commerce and Industry Minister of Panama Ricardo Antonio Quijano Jimenez and Indian Ambassador to Panama Yogeshwar Varma were also present during the inauguration of the show.
The bilateral trade between the countries stood at USD 395.36 million in 2011-12.