Shri Kamal Nath, Minister of Commerce &
Industry, will deliver a Special Address at the University College in Oxford,
in response to an invitation from the University of Oxford on 3rd May,
2007. The Special
Address, which is part of the University’s Global Economic Governance Programme, will be on “India and the Future of the World Trade Talks”.
During his visit to the UK, Shri Kamal
Nath is also likely to call on Prime Minister Tony Blair.
On the bilateral front, he will hold
discussions with Mr. Alistair Darling, UK Secretary of State for Trade &
Industry and participate in the Indo-UK Joint Economic & Trade Committee (JETCO)
review meetings. JETCO was established in September 2004 to further develop a
strategic economic relationship and promote business-led vehicles to enhance
bilateral trade and investment between India and the UK.
Indo-UK trade has gone up substantially
in recent years, with two-way
trade between the two countries rising from a level of US $ 6.2 billion in
2003-04 to US $ 9 billion in 2005-06. India had a trade surplus with
the UK in 2005-06 as India’s exports to the UK surged to US $ 5.1 billion
and India’s imports from the UK stood at US $ 3.8 billion.