Friday, April 1, 2011

CHILE+INDIA Trade nearing US$2.4 billion

Export GenericTrade between India and Chile is expected to touch $2.4 billion this year according to Chile's Ambassador to India Cristian Barros.


He said a commerce ministry delegation from Chile will come to India in two weeks and discuss with Minister of State for Commerce and Industry Jyotiraditya Scindia a free trade agreement.
At present about 320 commodities were under preferential trade agreement between the two countries. It should go up to at least 5000 in the coming years. Chile was focusing on IT, engineering, mining and food sectors.
"We promote the IT sector in Chile, we have the best communication system in South America and a very good system of telecommunication," said the Ambassador.

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