India’s exports to the Latin America region increased from US $ 2.16 billion in 2004-05 to US $ 6.01 billion in 2008-2009, registering a growth of about 178%. Likewise, India’s exports to Africa region increased from US $ 5.6 billion in 2004-05 to US $ 14.57 billion in 2008-2009 registering a growth of about 160%.
With a view to enhancing our exports to Latin America and Africa region, process for expansion of the existing India-Chile Preferential Trade Agreement (PTA) and India-MERCOSUR (trade bloc of Brazil, Argentina, Paraguay and Uruguay) Trade Agreement have been initiated. Besides, India has commenced negotiations for a Preferential Trade Agreement (PTA) with South Africa Customs Union (SACU) comprising of Botswana, Lesotho, Namibia, South Africa and Swaziland. In addition to this, FOCUS: LAC and FOCUS: Africa Programme of Government are in force for supporting and encouraging Indian exporters / companies to explore new markets of these regions.
Source: PIB
Subscribe to this comment's feed
| < Prev | Next > |
|---|
- Construction/upgradation of houses in Raipur (Chhatisgarh)
- Accounting professionals unite to help Indian corporates for IFRS transition
- CCSS Unveils Unique Pricing for the Outsourcing Industry
- Regulator Needed For Scheduled Take Off Of PSU Projects : ASSOCHAM
- Global Market for Alzheimer's Disease Therapeutics and Diagnostics to be worth $9.6 Billion In 2014
- "Biofuels to create Green Future," says Dikshit
