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TRADE WITH AFRICAN, LATIN AMERICAN AND CIS COUNTRIES

Date : 15 Mar 2010
Location : New Delhi
 

The details of trade with African, Latin American and Commonwealth of Independent States (CIS) countries during the last three years is as under:

AFRICAN COUNTRIES

Value in US $ million)

Year

Exports

Imports

Total Trade

2006-07

10269.45

14716.23

24985.68

2007-08

14191.77

20470.91

34662.68

2008-09

14813.42

24728.31

39541.73

LATIN AMERICAN COUNTRIES

Value in US $ million)

Year

Exports

Imports

Total Trade

2006-07

4274.85

6061.39

10336.24

2007-08

5657.77

6557.85

12215.62

2008-09

6008.33

9744.14

15752.47

COMMONWEALTH OF INDEPENDENT STATES (CIS) COUNTRIES

Value in US $ million)

Year

Exports

Imports

Total Trade

2006-07

1479.29

3861.45

5340.74

2007-08

1740.34

3787.54

5527.88

2008-09

1924.76

6627.49

8552.25

Under the recently announced Foreign Trade Policy (2009-2014), the Government has provided a number of incentives to promote exports to various countries including the African, Latin American and CIS Countries. Some of the important schemes are Focus Market Scheme (FMS), Focus Product Scheme (FPS), Vishesh Krishi and Gram Udyog Yojna (VKGUY), and Status Holders Incentive Scrips.

This information was given by Shri Jyotiraditya M. Scindia, Minister of State for Commerce and Industry, in a written reply in the Lok Sabha today.

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