Foreign Trade (Europe - I)
A. Functions
This Division deals with India’s trade and economic cooperation with European Union region and some of its member countries viz, UK, Germany, Spain, Netherlands, Portugal, France, Italy, Belgium, Luxembourg and Ireland.
B. Officers in the Division:
The Division is headed by Joint Secretary and is assisted by the following officials :-
- Ms. Anita Praveen, Joint Secretary
- Dr. Ishita G. Tripathy, Director
- Shri Dharmender Kumar, Under Secretary
- Shri Pawan Kumar, Under Secretary
C. Trade Statistics of the Territory
Bilateral Trade between India and European Union: -
(Value: US$ Million)
| Export/Import/Growth |
(2015-16) |
(2016-17) |
| |
|
|
| Exports |
44.50 |
47.20 |
| Growth Percentage over previous year |
-9.85 |
6.07 |
| %Share in total exports by India |
16.96 |
17.10 |
| Imports |
43.90 |
42.36 |
| Growth Percentage over previous year |
-10.79 |
-3.51 |
| %Share in total exports by India |
11.52 |
11.02 |
| Total Bilateral Trade |
88.39 |
89.55 |
| Growth in Percentage over previous year |
-10.33 |
1.15 |
(Source: DGCI&S, Kolkata)
D. Trade Agreement and Negotiations (ongoing)
India and EU are negotiating a broad-based Bilateral Trade and Investment Agreement (BTIA). India is committed to an early and balanced outcome of India-EU BTIA Negotiations
e. Trade Promotion activities
India-EU relations date to the early 1960s, with India being amongst the first countries to establish diplomatic relations with the European Economic Community. A cooperation agreement signed in 1994 took the bilateral relationship beyond trade and economic cooperation.
The EU as a bloc of 28 countries is India’s one of the largest (3rd) regional trading partner while India was the EU’s 9th largest trading partner in 2016. India’s overall bilateral trade with European Union for the period 2016-17 is 89.55 US$ billion comprising of India’s exports to EU is 47.20 US$ billion (17.10% of India’s exports) and imports 42.36 US$ billion (11.02% of India’s imports).
India has established Institutional mechanisms with European Union and its member countries. These institutional mechanisms are handled by Department of Commerce at various levels.
The EU continued to be one of the largest sources of Foreign Direct Investment (FDI) for India with FDI inflows from the EU to India valued at US $ 81.52 billion from Apr 2000-March 2017.
Meetings of FT(Europe-I) Division during 2017-18 (till 08.02.2018)
- 19th Session of India Italy Joint Commission for Economic Cooperation held during 11-12th May, 2017 at Rome, Italy.
- 15th Joint Economic Commission between India and Belgium-Luxembourg Economic Union (BLEU), 29th May 2017 at Luxembourg.
- 4th Session of India-Portugal Joint Commission Meeting at Lisbon on 30th May, 2017
- India-EU Sub Commission on Trade on 12th July, 2017 at Brussels.
- 24th Session of India-EU Joint Commission Meeting held on 14th uly, 2017 at Brussels.
- 17th India-France Joint Committee Meeting held on 24thOctober, 2017 at Paris, France.
- 12th Session of India-UK JETCO held on 11th January, 2018 at London.
- 11th Session of India-Spain Joint Commission for Economic Cooperation on 18th January, 2018 at Madrid, Spain. .
f. Section 4 of RTI ( Mandatory Disclosures ) :
Name, Designation and other particulars of the CPIO in respect of FT (Europe-I) Division under Section 4 of RTI - Act (Mandatory Disclosures) :
Dr. Ishita G. Tripathy,
Director,
R. No. 225
Udyog Bhavan
New Delhi-110107
Tel. No. 23061624
email:- ishita.tripathy@nic.in
..as on 12.02.2018