Home > General > Exports to Latin American and African countries

Exports to Latin American and African countries

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

Advertisements
Categories: General
  1. No comments yet.
  1. No trackbacks yet.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: