India to forge stronger trade & economic ties with Brazil
Author: Mar 10, 2011 09:57
Shri Anand Sharma, Union Minister of Commerce & Industry in his meeting with Mr. Antonio Patriota, Minister of External Relations, He further added that economic complementarities between the two countries would cement the trade and economic relations further and help in the inclusive growth of both the countries. Both sides agreed for setting up of CEOs Forum and identified the priority sectors viz., energy, oil, tourism, pharma, value-added manufacturing, mining, agro-processing etc. Shri Sharma expressed satisfaction as regards signing of Air Service Agreement between During the interaction, Shri Sharma expressed satisfaction on increasing bilateral trade to US $ 7.73 billion in 2010 between the two countries. He mentioned to the visiting Minister that both the countries could make sincere efforts to achieve the target of having bilateral trade of US $ 10 billion over the next few years. Shri Sharma also highlighted about the vast potential for cooperation between the two countries viz., SMEs, IT, science & technology, engineering, energy, infrastructure, nuclear power etc. In the bilateral meeting, Shri Sharma raised the issue of imposition of anti-dumping duties on Indian products such as: PET Films (Polyethylene Terephthalate), Jute yarn, Jute Bags Nitrile Rubber (NBR) and stainless steel. He further informed that at present no antidumping duty has been imposed by Interacting with the Brazilian Minister, Shri Sharma mentioned that there is a proposal for organizing “India Show” in Total foreign direct investment (FDI) inflows received from
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