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INDIA-BRAZIL TRADE
Date : 13 Dec 2010
Location : New Delhi
The details regarding trade between India and Brazil during the last three years are as under:
Values in US $ Millions
|
Year |
2007-2008 |
2008-2009 |
2009-2010 |
| Exports to Brazil |
2,525.90 |
2,651.43 |
2,414.29 |
| Imports from Brazil |
949.95 |
1,185.96 |
3,437.97 |
| Total trade |
3,475.85 |
3,837.39 |
5,852.26 |
The total bilateral trade between India and Brazil has increased from US $ 589.14 million in 2003-04 to US $ 3837.39 million in 2008-09.
FOCUS LAC Programme of this Department is in force which provides a number of incentives and financial assistance for supporting and encouraging Indian exporters / companies to boost our trade with Latin America in which Brazil is a major partner. A Preferential Trade Agreement (PTA) between India and MERCOSUR (Brazil being one of the major members of this economic bloc) is in operation since June, 2009. Besides , buyer seller meets / business seminars are held every year in India and Brazil by the leading Chamber Commerce & Industry / apex Trade Bodies of the two sides focusing important sectors of mutual interest to enhance bilateral trade.
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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