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TMI BlogTrade with Neighbouring CountriesX X X X Extracts X X X X X X X X Extracts X X X X ..... Trade with Neighbouring Countries - News and Press Release Dated:- 23-7-2014 - News - India enjoys trade surplus with all members of SAARC comprising Afghanistan, Bangladesh, Bhutan, Maldives, Nepal, Pakistan and Sri Lanka. Trade between India and China currently stand at USD $ 65.87 in 2013-14. China is currently the largest trading partner in bilateral trade. Myanmar (an ASEAN country) also ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... enjoys a high level of bilateral trade through border trade arrangement at Moreh (Manipur). Joint Trade and Investment Agreement between India and ASEAN group of countries is expected to also boost bilateral trade with South East Asian countries. The details of trade between India and the SAARC countries, China and Myanmar were as under during the last three years:- Value in US $ Million ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... (P) Provisional Country Year Export Import Total Trade Afghanistan 2011-12 2012-13 2013-14(P) 511 473 474 133 160 209 644 633 683 Bangladesh ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 2011-12 2012-13 2013-14(P) 3789 5145 6051 586 639 461 4375 5784 6512 Bhutan 2011-12 2012-13 2013-14(P) 230 233 300 203 164 151 433 397 451 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Maldives 2011-12 2012-13 2013-14(P) 125 122 108 19 06 04 144 128 112 Nepal 2011-12 2012-13 2013-14(P) 2722 3089 3575 550 543 528 3272 3632 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 4103 Pakistan 2011-12 2012-13 2013-14(P) 1542 2065 2275 362 542 427 1904 2607 2702 Sri Lanka 2011-12 2012-13 2013-14(P) 4379 3984 4549 578 626 677 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 4957 4610 5226 China 2011-12 2012-13 2013-14(P) 18077 13580 14829 55314 52248 51049 73391 65828 65878 Myanmar 2011-12 2012-13 2013-14(P) 545 545 785 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 1386 1413 1392 1931 1958 2177 An adhoc working group for reductions in sensitive list has been formed under South Asian Free Trade Area (SAFTA). Bhutan, India, Maldives and Pakistan have put forward a proposal for reduction in the Peak Tariff Rate to 0%-5% by 2020. There has been a sharp expansion of bilateral trade wit ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... h China and also a rise in the bilateral trade deficit between India and China. The 9th Session of India-China Joint Group on Economic Relation (JEG) at the Ministerial Level was held in August 2012. Recently, 3 MoUs were signed between the Ministry of Commerce of India and the Ministry of Commerce, China in May 2013. These measures are expected to strengthen trade relations with China. To enhanc ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e bilateral trade with Myanmar the India-Myanmar Border Trade Committee, India Myanmar Border Haat Committee and Joint Trade and Investment Forum have been formed. The India- ASEAN Trade in Goods (TiG) signed in August 2009 is also expected to boost bilateral trade with South East Asian Countries. The information was given by the Minister of State (Independent Charge) of the Ministry of Commerc ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e Industry Smt. Nirmala Sitharaman in a written reply in Rajya Sabha today. - News - Press release - PIB Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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