Foreign Trade (Latin America)
A. Functions
FT ( LAC) Division of the Department of Commerce deals with general trade and allied matters with Latin American and Caribbean region which comprises of 43 countries.
The Division is headed by Shri S. Suresh Kumar, Joint Secretary and is assisted by the following officials :-
-
Shri K. V. Nagi Reddy- Director
-
Shri Vinay Kumar - Under Secretary
-
Shri Subhash Chander - Section Officer
-
Shri Ranjit Kumar Sinha – Assistant Section Officer
B. India's Bilateral Trade with LAC region for the last 10 years is as under :-
(Value: US$ Million)
|
Year/
|
Export
|
Import
|
Total Trade
|
Trade Balance
|
% Growth
|
|
|
|
|
|
|
Export
|
Import
|
Total Trade
|
|
2009-10
|
5,614.40
|
9,356.30
|
14,970.70
|
-3,741.90
|
1.84
|
13.54
|
8.85
|
|
2010-11
|
9,324.48
|
13,042.52
|
22,367.00
|
-3,718.03
|
66.08
|
39.4
|
49.41
|
|
2011-12
|
12,276.85
|
16,178.56
|
28,455.41
|
-3,901.70
|
31.66
|
24.04
|
27.22
|
|
2012-13
|
13,518.03
|
27,497.09
|
41,015.12
|
-13,979.07
|
10.11
|
69.96
|
44.14
|
|
2013-14
|
10,791.60
|
28,128.07
|
38,919.68
|
-17,336.47
|
-20.17
|
2.29
|
-5.11
|
|
2014-15
|
11,528.43
|
26,951.76
|
38,480.19
|
-15,423.33
|
6.83
|
-4.18
|
-1.13
|
|
2015-16
|
7,529.48
|
17,691.79
|
25,221.27
|
-10,162.30
|
-34.69
|
-34.36
|
-34.46
|
|
2016-17
|
7,230.97
|
17,290.63
|
24,521.60
|
-10,059.67
|
-3.96
|
-2.27
|
-2.77
|
|
2017-18
|
8,611.62
|
20,723.48
|
29,335.10
|
-12,111.86
|
19.09
|
19.85
|
19.63
|
|
2018-19
|
9740.72
|
20547.11
|
30287.83
|
-10806.39
|
13.11
|
-0.85
|
3.24
|
C. Institutional Mechanisms:
- India-Brazil Trade Monitoring Mechanism
- India-Ecuador Joint Economic and Trade Committee (JETCO)
- India-Colombia Joint Business Development Cooperation
D. Trade Agreements/MoUs with LAC region
-
India - Chile PTA
-
India-Chile PTA (Expanded)
-
India - MERCOSUR PTA
-
Trade Agreement between India and Argentina
-
Framework Agreement between India and Mercosur
-
Framework Agreement between India and Chile
-
MoU on Economic Cooperation with Costa Rica
-
MoU on Economic Cooperation with Ecuador
-
MoU on Trade Promotion and Technology Transfer with Argentina
-
MoU on Business Development Cooperation with Colombia
- Trade Agreement between India and Peru
-
Trade Agreement between India and Guatemala
-
Trade Agreement between India and Colombia
-
Trade Agreement between India and Cuba
-
Trade Agreement between India and Trinidad & Tobago
Details of the PTAs/ MoUs are available on the website at :
Sitemap > International Trade > Trade Agreements/MoUs
E. Publications :
India Peru Joint Study Group (JSG) Report
Link: Sitemap> Publications
India’s Economic Engagement with LAC Strategy for Trade and Investment
F. Section 4 of RTI ( Mandatory Disclosures ) :
The following are the names, designation and contact details of the FAA and CPIO:
FAA:
Shri S. Suresh Kumar, JS(FT-LAC)
Room No.233, Udyog Bhawan
Tel No. 23061818, E-Mail: suresh.kumar1972@gov.in
CPIO:
Shri K. V. Nagi Reddy, Director ( FT-LAC)
R. No. 285, Udyog Bhavan
Tel. No. 23063642 , E-mail: nagireddy.kv@nic.in