Question : INDIA-BRAZIL TRADE

(a) the details regarding trade between India and Brazil during the last three years;

(b) whether India-Brazil trade has increased from $ one billion in 2003 to $ 4.7 billion in 2008;

(c) if so, the details thereof; and

(d) the steps being taken to boost trade between the two countries?

Answer given by the minister

MINISTER OF THE STATE IN THE MINISTRY OF COMMERCE AND INDUSTRY (SHRI JYOTIRADITYA M. SCINDIA)

(a) 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

(b) & (c) 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.

(d) 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 member 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.

Question : INDIA-BRAZIL TRADE

Answer given by the minister

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