Bilateral Trade between India and EU

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

This information was given by the Minister of State for Commerce & Industry Dr. D. Purandeswari in written reply to a question in Rajya Sabha today.