http://newindianexpress.com/opinion/article1378511.ece
Showing posts with label Bilateral Trade. Show all posts
Showing posts with label Bilateral Trade. Show all posts
Wednesday, 19 December 2012
Free trade area
Free trade area
A free-trade area is a trade bloc whose member countries have signed a free-trade agreement (FTA), which eliminates tariffs, import quotas, and preferences on most (if not all) goods and services traded between them. If people are also free to move between the countries, in addition to FTA, it would also be considered an open border. It can be considered the second stage of economic integration. Countries choose this kind of economic integration if their economical structures are complementary. If their economical structures are competitive, it is likely there will be no incentive for a FTA, or only selected areas of goods and services will be covered to fulfill the economic interests between the two signatories of FTA.
ASEAN–India Free Trade Area
india India Free Trade Area
http://www.eximguru.com/exim/trade-agreement/default.aspx
Bilateral Trade between India and EU
http://pib.nic.in/newsite/erelease.aspx?relid=0
The details of the merchandise export and import country wise with European Countries in value in Million US$ is at Annexure. The Country-wise Sector-wise Trade figures (both by Quantum and Value) are also available in the DGCI&S Publication ‘Foreign Trade Statistics of India (Principal Commodities and Countries). The data in respect of the share of the services sector in our bilateral trade with Europe is not available.
The details of the merchandise export and import country wise with European Countries in value in Million US$ is at Annexure. The Country-wise Sector-wise Trade figures (both by Quantum and Value) are also available in the DGCI&S Publication ‘Foreign Trade Statistics of India (Principal Commodities and Countries). The data in respect of the share of the services sector in our bilateral trade with Europe is not available.
While Netherlands, Belgium, Germany, UK,
Italy and France remain our traditional trading partners, India is looking at
newer markets both in Europe and the world. In Europe, apart from Western
Europe (our traditional market), India is focusing on exploring trade in
Central & East European (CEE) countries.
With a view to boosting bilateral trade
with the European (EU) countries of which the European Union member states
including Portugal are our key trading partners, interactions with the European
Union and the individual countries (including Portugal) are held at various
levels, on a regular basis, by way of Joint Commission Meetings. These Joint
Commissions are held at regulars intervals with 28
European countries and facilitate economic co-operation and trade between the
two sides. Besides, a number of business to business interactions are organized
regularly between Chambers of Commerce and Industry. Participation in major
trade fairs is also encouraged and supported by the Government.
Annexure
Country wise details of export and Import with European countries
|
(Values in Million USD)
|
||||||
|
|
Export
|
Import
|
||||
|
Country
|
2009-10
|
2010-11
|
2011-12
|
2009-10
|
2010-11
|
2011-12
|
|
|
|
|
|
|
|
|
|
AUSTRIA
|
252.74
|
593.77
|
341.67
|
789.37
|
817.07
|
1075.69
|
|
BELGIUM
|
3759.26
|
5784.42
|
7160.75
|
6019.20
|
8609.82
|
10450.98
|
|
BULGARIA
|
50.89
|
69.71
|
108.78
|
32.63
|
57.58
|
97.86
|
|
CYPRUS
|
46.82
|
43.31
|
56.62
|
14.10
|
20.40
|
22.14
|
|
CZECH REPUBLIC
|
177.76
|
215.77
|
271.90
|
562.45
|
676.78
|
713.64
|
|
DENMARK
|
580.42
|
690.75
|
757.39
|
592.37
|
472.82
|
619.85
|
|
ESTONIA
|
28.92
|
52.91
|
110.24
|
32.94
|
44.90
|
232.62
|
|
FINLAND
|
208.36
|
254.93
|
314.47
|
1010.66
|
1653.02
|
2051.17
|
|
FRANCE
|
3819.83
|
5209.70
|
4563.69
|
4192.17
|
3704.57
|
3832.85
|
|
GERMANY
|
5412.89
|
6754.35
|
7938.73
|
10318.18
|
11891.37
|
15719.46
|
|
GREECE
|
452.80
|
364.88
|
789.45
|
154.13
|
93.39
|
116.18
|
|
HUNGARY
|
269.68
|
212.85
|
316.06
|
194.95
|
342.97
|
425.99
|
|
IRELAND
|
260.57
|
270.52
|
422.68
|
264.82
|
259.26
|
394.30
|
|
ITALY
|
3400.25
|
4554.06
|
4878.49
|
3862.06
|
4256.02
|
5416.31
|
|
LATVIA
|
47.17
|
103.19
|
96.15
|
154.94
|
196.32
|
141.56
|
|
LITHUANIA
|
66.39
|
83.30
|
134.75
|
72.69
|
125.45
|
201.88
|
|
LUXEMBOURG
|
4.78
|
18.76
|
8.91
|
33.85
|
36.62
|
55.81
|
|
MALTA
|
708.85
|
746.78
|
848.99
|
12.11
|
35.87
|
44.54
|
|
NETHERLAND
|
6397.56
|
7681.47
|
9145.45
|
2130.00
|
1853.10
|
2672.35
|
|
POLAND
|
421.13
|
666.41
|
785.95
|
387.29
|
386.04
|
657.67
|
|
PORTUGAL
|
374.57
|
526.84
|
524.66
|
71.06
|
85.37
|
310.66
|
|
ROMANIA
|
330.81
|
426.03
|
269.43
|
225.35
|
237.45
|
416.74
|
|
SLOVAK REP
|
35.76
|
59.47
|
94.71
|
40.30
|
88.03
|
90.86
|
|
SLOVENIA
|
192.58
|
187.46
|
227.01
|
118.14
|
92.00
|
137.02
|
|
SPAIN
|
2029.26
|
2566.28
|
2981.58
|
1095.53
|
1487.58
|
1802.23
|
|
SWEDEN
|
476.63
|
627.74
|
824.65
|
1590.14
|
1619.38
|
2004.44
|
|
U K
|
6221.39
|
7311.98
|
8597.19
|
4461.67
|
5396.78
|
7595.34
|
|
ALBANIA
|
8.51
|
11.50
|
12.63
|
0.27
|
0.12
|
105.89
|
|
BOSNIA-HRZGOVIN
|
2.71
|
3.20
|
5.78
|
0.50
|
19.09
|
18.91
|
|
CROATIA
|
89.68
|
97.69
|
114.56
|
26.89
|
28.06
|
27.34
|
|
MACEDONIA
|
7.00
|
8.34
|
8.86
|
26.65
|
1.02
|
14.74
|
|
SERBIA MONTNGRO
|
12.74
|
23.56
|
41.72
|
5.76
|
3.08
|
2.22
|
|
ICELAND
|
17.08
|
84.36
|
34.03
|
9.97
|
4.63
|
4.61
|
|
LIECHTENSTEIN
|
0.06
|
0.16
|
0.14
|
0.04
|
0.22
|
0.59
|
|
NORWAY
|
228.91
|
179.35
|
334.16
|
907.35
|
961.49
|
843.36
|
|
SWITZERLAND
|
589.39
|
690.55
|
1103.31
|
14698.43
|
24802.00
|
32307.72
|
|
TURKEY
|
1539.20
|
2749.15
|
3536.65
|
1603.64
|
821.06
|
921.97
|
|
Total
|
38523.34
|
49925.52
|
57762.18
|
55712.63
|
71180.68
|
91547.48
|
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